Summarize the Rules Covering Presentation and Disclosure of the Following

question 3

Essay

Summarize the rules covering presentation and disclosure of the following items according to IFRS using the following template:
$\begin{array}{|l|l|}\hline {\text { Item }} &{\text { Presentation and Disclosure }} \\\hline \text { Income Tax Expense } & \\\hline \text { Composition of Income Tax } & \\\text { Expense } & \\\hline \text { Taxes on discontinued } & \\\text { operations } & \\\hline \text { Comprehensive income } & \\\hline \text { Permanent Differences } & \\\hline \text { Offsetting } & \\\hline \text { Different jurisdiction and } & \\\text { component entities } & \\\hline \text { According to source } & \\\hline \text { Tax losses carried forward } & \\\hline\end{array}$

Know the major sources of cash inflows and outflows reported in the statement of cash flows.

Identify transactions classified under investing and financing activities.

Comprehend the implications of cash flow information for financial analysis.

Understand adjustments made under the indirect method of cash flows from operating activities.

---

Definitions:

Test Statistic

A value calculated from sample data to evaluate a hypothesis about a population parameter.

Sample Variance

A statistical measure of the dispersion or variability within a sample dataset.

Populations

A complete set of individuals, items, or data from which a statistical sample can be drawn for a study.

Chi-square Value

A statistic used to measure how expectations compare to actual observed data, often used in hypothesis testing.