As Set Out in IAS 1/AASB 101, the Following Are

question 42

Multiple Choice

As set out in IAS 1/AASB 101, the following are general requirements that apply to annual reports except for:

• A) A list of all the accounting standards followed must be included.
• B) There must be a description of the entity's operations and its principal activities.
• C) Comparative figures for the previous reporting period must be disclosed.
• D) The reporting date or period covered by each financial statement must be included.

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Definitions:

T Test

A statistical test used to compare the means of two groups to determine if they are significantly different from each other.

Mann-Whitney U Test

is a non-parametric statistical test used to compare differences between two independent groups when the dependent variable is ordinal or continuous but not normally distributed.

Chi-Square Test

A statistical test used to determine the significance of an observed association between categorical variables.

R Test

A statistical test used within the R programming environment to determine the significance of data sets or to compare models.