Exam 19: Financial Statement Presentation

In relation to 'retained earnings', AASB 101 mandates the following disclosures: I. Any changes during the reporting period. II. The related tax adjustments in respect to any changes during the period. III. The beginning balance. IV. The balance at reporting date.

Items that are dissimilar in nature must be presented separately in financial statements unless:

AASB 101 requires the following items to be disclosed separately in the statement of profit or loss and other comprehensive income: I Cost of sales. II Revenue. III Finance costs. IV Share of the profit or loss from associates. V Tax expense relating to extraordinary events. VI Tax expense relating to ordinary activities. VII Profit or loss.

Where an accounting estimate has been revised materially the item is:

The issuing of bonus shares in lieu of a cash dividend would be separately disclosed in an entity's

Which of the following events occurring after the reporting date but before the financial report is authorised for issue is NOT an example of an adjusting event?

Which of the following note disclosures are NOT required by AASB 101?

The following are normally presented in a statement of financial position as current items:

According to AASB 101, a required format for the presentation of a statement of financial position is:

Under AASB 101, financial statements must be prepared and presented at least: