Q. What should be disclosed regarding dividends?

View solution

Q. In the notes to the financial statements, how should revenue from operations be disclosed for a company other than a finance company?

View solution

Q. How should revenue from operations be disclosed for a finance company in the notes to the financial statements?

View solution

Q. How should finance costs be disclosed in the statement of profit and loss?

View solution

Q. How is other income classified in the statement of profit and loss?

View solution

Q. How should net gain or loss on foreign currency transaction and translation be treated in the financial statements?

View solution

Q. What should be disclosed regarding payments to auditors in the financial statements?

View solution

Q. How should details of items of exceptional and extraordinary nature be disclosed?

View solution

Q. How are amounts set aside or proposed to be set aside to reserves treated in the financial statements?

View solution

Q. How should expenditure incurred on each of the listed items be presented in the profit and loss account?

View solution

Q. How should dividends from subsidiary companies be treated in the profit and loss account?

View solution

Q. What information should be provided in the profit and loss account by way of a note regarding expenditure in foreign currency?

View solution

Q. What information should be provided in the profit and loss account by way of a note regarding the value of imports?

View solution

Q. What are the primary legislations providing the legal framework for insurance accounting in India?

View solution

Q. According to Section 11 of the Insurance Act, 1938, what financial statements are insurers required to prepare at the expiration of each financial year?

View solution

Q. What is the requirement for insurers regarding the maintenance of separate accounts?

View solution

Q. Which of the following is NOT listed as a major consideration for accounting and financial management for insurance companies in India?

View solution

Q. According to IRDA (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations, 2002, which schedule provides the requirements for preparing financial statements for an insurer carrying on life insurance business?

View solution

Q. For an insurer carrying on general insurance business, which schedule of the IRDA Regulations specifies the requirements for preparing financial statements?

View solution

Q. What is the purpose of Schedule 'C' in the context of IRDA Regulations for insurance companies?

View solution