IAS 10 Requires Additional Disclosures in Which of the Following

question 38

Multiple Choice

IAS 10 requires additional disclosures in which of the following situations?

• A)related party transactions that affect the ability of the entity to trade profitably and that occur after reporting date
• B)any event that occurs after the reporting date that would cause the entity to no longer be considered a going concern
• C)any event likely to have a material effect that occurs after the directors have signed the Directors' Report
• D)material changes to the dividends proposed for the following period that occurs after reporting date

Identify alternatives to court action and the significance of "without prejudice" statements in litigation.

Acknowledge the role of judicial review in the appeal process and the principles underlying administrative tribunal decisions.

Comprehend the principles of natural justice and procedural fairness in administrative and judicial contexts.

Recognize the circumstances under which public access to courtrooms may be restricted.

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Definitions:

Hedging Relationship

A risk management strategy where two or more financial instruments are used together to offset potential losses in investments.

Hedged Item

A recognized asset or liability, unrecognized firm commitment, or highly probable forecast transaction in a hedging relationship.

Hedge Effectiveness

The degree to which a hedge transaction reduces the risk of fluctuations in the cash flows or value of an underlying exposure.

Hedge Effectiveness

A measure of how well a hedge transaction reduces the risk of the exposure that the hedge was intended to protect against.