AASB 1039 Suggests That Some Discussion and Analysis Should Accompany

question 16

Multiple Choice

AASB 1039 suggests that some discussion and analysis should accompany concise reports. Which of the following is a suggested discussion item for the statement of cash flows?

• A) Main influences of the costs of operations.
• B) Causes of significant changes in issued capital.
• C) Repayment and servicing of any borrowings.
• D) Relationship between debt and equity.

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Definitions:

Managerial Layers

Describes the levels of management hierarchy within an organization, from frontline managers to top executives.

Task Force

A temporary group of people formed to carry out a specific project or solve a particular problem.

Ongoing Direction

Continuous guidance provided to ensure objectives are being met over time.

Cross-functional Team

A team composed of individuals with different functional expertise working towards a common goal.