Which of the Following Need Not Appear as a Stand-Alone

question 97

Multiple Choice

Which of the following need not appear as a stand-alone item on the statement of financial position under IFRS?

• A) Liabilities forming part of a disposal group (held-for-sale).
• B) Deferred Tax Liabilities.
• C) Provisions.
• D) Asset Retirement Obligations.

Understand the concept of social responsibility and its equal value in profit, consumer satisfaction, and societal well-being.

Recognize the importance of ethical training, a code of conduct, and mechanisms for reporting unethical behavior in organizations.

Identify the elements that might be included in a company's code of conduct.

Understand the purpose and components of social audits.

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Definitions:

Stare Decisis

The legal principle of determining points in litigation according to precedent.

Maximum Expectations

The highest level of anticipated outcomes or results from a certain process or activity.

Personal Freedoms

The rights and liberties that individuals have to think and act without government interference or fear of unfair legal treatment.

Moral Guide

A set of principles or values that influence an individual's choices and behaviors, defining what is considered right or wrong.