International Financial Reporting Standards tests

Rating excellent
Accessible income and expenses (such as the use of a building area as a part of a temporary car parking)
must:
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Recognized in the income statement.
Ignored.
Capitalized in the carrying amount of an asset.

The company provides a consolidated reporting with comparable indicators for 5 previous periods.
For what amount of money do you need to provide reports on the movement of cash?
Check the correct answer:
five
6
one


The following information:
(i) a decrease in the cost of reserves to a net sale price or cost of basic funds to a variable amount of money (as well as compensation
identified spells);
(ii) the design of activities of the organization (and the restoration of reserves from which the costs of the design cover);
(iii) retirement of property, plant and equipment;
(iv) retirement of investments;
(v) ongoing activities;
(vi) fulfillment of the obligations of a legal process;
(vii) reinstatement of other reserves.
Must be submitted:
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or 1 or 2
in the notes to it
directly in the income statement


Non-material assets are initially applied to:
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Initial cost.
Revalued value.
For either of the two costs.


When the cost of major technical equipment (for example, aircraft) is capitalized:
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It is required to immediately notify the board of directors of the company.
The residual value of the previous inspection should be deducted.
They should be reported as a separate asset.


Income arising as a result of a change in the fair value of the investment property must be included:
Check the correct answer:
To revaluation reserve.
In the income statement.
As unforeseen or emergency articles.


If the land is leased to a financial lease, does its amortization happen?
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Yes, until the end of the useful life.
Only if there is a building.
Not

Such a revision of the official valuation and disclosure of information on financial statements, as is the case in the past
The error did not resolve - this is:
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retrospective application
retrospective review of financial statements
change in accounting estimate

Profit and loss on foreign currency differences are reflected in:
Check the correct answer:
two separate articles
in revenue
collapsed, as a separate article


Reserves are determined by:
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Exclusively as products having a physical form, intended for sale, pre-sale preparation, or materials used in
production process.
Goods that are in stock and are not currently being sold.
Assets held for sale, pre-sale trained or materials used in the manufacturing process or in the provision of
of services





Reports on accredited activities and reports on added value:
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not related to IFRS
are an integral part of financial statements
never presented with financial statements

“Smoothing profits” is often carried out with the help of registration:
Check the correct answer:
reserves.
contingent liabilities;
contingent assets;

Reorganization reserves include:
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costs associated with the reduction of employees.
the costs of organizing the marketing of products;
investments in new systems and distribution networks;
expenses for retraining or internal transfer of employed workers;


Trading group products include:
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centralized expenses;
interest, including interest paid on advances (or loans) from other segments;
associate´s share of losses