A Financial Statmnt shall not comprise as perIFRS A. Statement of comprehensive income C. Statement of change in equity C. Statement of fund flow

Question added by ABDUL MAJEED KOOTHRADAN , Audit Manager , TS Meera Associates Chartered Accountants
Date Posted: 2014/10/06

Upvote (2) Views (8) Followers (4) Answers (4) Report Question

by Muhammad Abu Bakar FCCA , Chief Financial Officer , New Perspective Media Group

According to the International Accounting Standards. A financial statement should comprise of the following:

1. Statement of financial position

2. Statement of comprehensive income

3. Statement of Changes in Equity

4. Statement of Cash Flows and Notes to the Accounts.

by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

Answer C statement of fund flow

by Ezzidin Ibrahim , Financial Controller , Karim Food Industries

C. Statement of fund flow is not one the statements to be prepared as per IFRS

Comprehensive income is best defined as ?
Top Answer: d) The change in net assets for the period excluding owner transactions. ... See More

Answers (2)
Comprehensive income is best defined as
Top Answer: It is the change in equity [net assets] of a business enterprise during a period from transactions and ot ... See More

Answers (4)
A full set of financial statements includes?
Top Answer: Financial Statements: The financial statements are comprised of four basic reports, which are as follow ... See More

Answers (2)
Which Of the following is the typical sort of making basic financial Statements?
Top Answer: the correct answer is (a) a- Income Statement then Balance Sheet then Statement of change in owner Equ ... See More

Answers (33)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.