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:

Carbamate Ester

Organic compounds derived from carbamic acid, featuring a carbonyl group attached to an alkyl group and an amine group; used in various applications, including pesticides and plastics.

Aryl Diisocyanate

Organic compounds containing two isocyanate groups (-N=C=O) attached to an aromatic ring, used in the production of polyurethanes.

Ethylene Glycol

A colorless, odorless, sweet-tasting organic compound used as antifreeze in cooling and heating systems.

Polyesters

A category of polymers that contain the ester functional group in their main chain, widely used in fibers and plastics.