Join the discussion
Question 1/34
Which one of the following would be recognised in the statement of profit or loss and other comprehensive income?
Correct Answer: B
Add Comments
- Other Question (34q)
- Q1. Which one of the following would be recognised in the statement of profit or loss and othe...
- Q2. Which one of the following methods is not used for 'creative accounting'?...
- Q3. Which one of the following is a benefit of developing financial reporting standards using ...
- Q4. The concept of transparency in corporate governance means that listed companies should dis...
- Q5. Which one of the following would be included in a statement of financial position?...
- Q6. According to IASB's Conceptual Framework, an expense is a decrease in economic benefits in...
- Q7. As per the International Accounting Standards Board conceptual framework, which of the fol...
- Q8. Which one of the following situations would result in either a new liability being recogni...
- Q9. An agent is answerable under the contract to the agent's principal and must account for th...
- Q10. Venturer Ltd has received fees from venture capital activities and has engaged you as the ...
- Q11. When business managers seek detailed information about the profitability or efficiency of ...
- Q12. Which one of the following best describes the objective of the International Financial Rep...
- Q13. In an efficient market, normally if interest rates rise, share prices will...
- Q14. In individual countries, Generally Accepted Accounting Principles (GAAP) is primarily a co...
- Q15. Which one of the following shows whether the financial statements of a company show a true...
- Q16. Which one of the following contributes to an efficient capital market?...
- Q17. Which one of the following financial statements helps provide information about factors th...
- Q18. A decision has been made to change the value of a major non-current asset, upon which depr...
- Q19. In a stock market that displays strong efficiency, share prices reflect all available...
- Q20. A statement of generally accepted theoretical principles which form the frame of reference...
- Q21. The two fundamental qualitative characteristics of the financial information are...
- Q22. In the context of a regulatory framework, a principles-based system...
- Q23. Which one of the following is not a principal motivation for creative accounting?...
- Q24. Which one of the following statements is correct in relation to presenting the financial p...
- Q25. An example of voluntary reporting in Australia is a...
- Q26. Which one of the following statements is not correct in respect of manual accounting syste...
- Q27. The International Federation of Accountants (IFAC) was established by...
- Q28. Generally accepted accounting practice recognises revenue when...
- Q29. Which one of these is a key principle of good corporate governance?...
- Q30. Which one of the following is not an advantage of accounting regulation?...
- Q31. Which one of the following bodies makes accounting standards in Australia?...
- Q32. X was influenced by G Co's audit report and dividend declaration, and decided to invest in...
- Q33. Which one of the following is the correct treatment of sales?...
- Q34. The objective of the International Accounting Standards Board (IASB) is to...
[×]
Download PDF File
Enter your email address to download CPAAustralia.Financial-Accounting-and-Reporting.v2023-11-27.q34.pdf