Adding value

In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again.

  1. What is the purpose or motivation for IASB to issue the Practice Statement on Management Commentary?

  2. When the Practice Statement on Management Commentary was issued in Malaysia on 28 February 2013, it was known as -

  3. Which of the following is TRUE with regard to the applicability of the Practice Statement on Management Commentary?

  4. In order to provide management view of the performance of the entity, position and progress and to supplement and complement information presented in the financial statements, the management commentary should -

  5. What are the key elements that are regarded as crucial information for the understanding of the users, as set of by the Practice Statement?

  6. Regardless of format chosen, the management commentary should be presented based on the following, EXCEPT -

  7. Amongst the information or disclosures presented in the management commentary that relates to nature of business is micro-level information that includes -

  8. What types of information or disclosures are required to be presented or discussed by entities in the management commentary relating to risks?

  9. It is quite common that the following information are presented and discussed for the current and prior periods in relation to results of operations in the management commentary -

  10. The following are some key pointers to take note of when discussing performance measures and indicators in management commentaries, EXCEPT -