A Set of Financial Statement Prepared in Accordance with AASB

question 19

Multiple Choice

A set of financial statement prepared in accordance with AASB 101 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:

IS Development Projects

Initiatives undertaken to design, develop, and implement information systems that meet the strategic and operational needs of a business.

Organization Strategic Plan

An Organization Strategic Plan is a document that outlines an organization's long-term goals and the strategies it will use to achieve them.

IS Strategic Plan

Information Systems Strategic Plan; a document outlining an organization's strategy regarding the use and management of information systems to achieve its business goals.

IT Architecture

The design and organization of computer systems, including hardware, software, data, and networking components, in order to meet the goals and requirements of a business.