The IASB Issued an Exposure Draft Relating to the Conceptual

question 19

Multiple Choice

The IASB issued an Exposure Draft relating to the conceptual framework in 2015.Regarding presentation and disclosure, what change does this draft propose?

• A)renaming the balance sheet to the periodic statement of performance
• B)renaming the statement of profit or loss to the statement of income or deficit
• C)renaming the balance sheet to the statement of financial health
• D)renaming the statement of profit or loss to the statement of financial performance

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Definitions:

VBA Statements

Instructions in Visual Basic for Applications that perform actions, control program flow, or declare variables within a script.

Visual Basic Tab

A component in the Visual Basic development environment used for organizing code, controls, and other elements into manageable segments or sections.

Form Controls

Interactive components such as buttons, checkboxes, and dropdown lists, used in digital forms for data entry or command issuance.

ActiveX Command Button

An ActiveX Command Button is a control element used in Microsoft environments that allows developers to create interactive objects for user interfaces, such as buttons that execute specific actions when clicked.