AASB 121 Requires Which of the Following to Be Disclosed

question 9

Multiple Choice

AASB 121 requires which of the following to be disclosed in the financial reports?

• A) Any change in functional currency and reason for change.
• B) The net exchange differences recognised in OCI and accumulated in a separate component of equity.
• C) The amount of exchange differences recognised in the profit or loss for the period other than those that relate to financial instruments measured at fair value through profit or loss.
• D) All of the above.

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Definitions:

Logos

A symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc., sometimes referring to the logical appeal in rhetoric.

Ethos

A rhetorical appeal to authority or credibility, often used in persuasive writing and speech to establish trust with the audience.

Logos

An aspect of Aristotle's modes of persuasion, focusing on logic and reasoning to argue a point.