Which of the Following Is Not a Requirement of IAS

question 33

Multiple Choice

Which of the following is not a requirement of IAS 7/AASB 107?

• A) Reporting of gross cash flows rather than net flows.
• B) Provision of a note reconciling gross profit with cash paid for cost of sales.
• C) Provision of comparative figures for the previous year as well as current year figures.
• D) A reconciliation of the net increase or decrease in cash held with the cash items appearing in the statement of financial position.

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Definitions:

Operant

A term related to operant conditioning, a method of learning that employs rewards and punishments for behavior.

Establishing

The process of founding or creating something firmly, such as rules, principles, or relationships, in a definitive manner.

Operant Conditioning

A system of learning where behavior modification is achieved through incentivization or disciplinary measures.

Classical Conditioning

A learning process first described by Ivan Pavlov, in which an organism comes to associate two stimuli, leading to a change in behavior.