IAS 10 Events after the reporting period regulates the extent to which events after the reporting period should be reflected in
financial statements.
Which one of the following lists of such events consists only of items that, according to IAS 10, should normally be classified
as non-adjusting?
These events are adjusting if discovered between the reporting date and the date the financial
statements are authorised for issue as they provide evidence about conditions that existed at the reporting date: insolvency of an account receivable which was outstanding at the end of the reporting period, discovery of fraud or error which shows that
the financial statements were incorrect, sale of inventory which gives evidence about its value at the end of the reporting
period
多做幾道
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful
representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error
Which of the following accounting concepts means that similar items should receive a similar accounting treatment?
Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy
Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for
Financial Reporting?
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