A Set of Financial Statement Prepared in Accordance with IAS

question 6

Multiple Choice

A set of financial statement prepared in accordance with IAS 1 comprises:
I. A statement of financial position
II.A statement of profit or loss and other comprehensive income
III. A statement of cash flows.
IV. A statement of changes in equity.
V. Notes.

• A) I, II, and IV;
• B) I, II, III IV and V:
• C) I, III and IV;
• D) I, II, III and IV.

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Definitions:

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Job-related Skill

Specific abilities or expertise required to perform the duties and responsibilities associated with a particular job effectively.

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