According to IAS 1, Which of the Following Are Not

question 44

Multiple Choice

According to IAS 1, which of the following are not commonly required disclosures of accounting policies?

• A)the measurement basis or bases used in the financial statements
• B)personnel involved in drafting the summary of significant accounting policies or other notes, including those who made the judgments apart from those involving estimations
• C)disclosures required by other IFRSs, like the reasons why the entity's ownership interest does not constitute control
• D)the nature of a company's operations and the policies that the users of its financial statements would expect to be disclosed for that type of entity

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Definitions:

Learning Experiences

Refers to the process of acquiring knowledge or skills through study, experience, or being taught.

Operant Conditioning

A training approach in which a behavior's force is adjusted by either reinforcing or punishing.

Lack of Generosity

A behavior or attitude characterized by unwillingness or hesitation to share with others or contribute to their well-being.

Punishment

A consequence that reduces the likelihood of a behavior being repeated, often used in behavior modification strategies.