Financial reporting fixes

Multiple-choice questions: 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. How many items are listed on the IASB's Agenda Consultation?

  2. Which of these is NOT a concern raised over the accounting for discontinued operations?

  3. How many medium products does the IASB believe it can begin in the next cycle?

  4. Which, if any, of the following statements are true? Statement 1 - A climate-related risks project would be separate from the potential new set of sustainability standards, or Statement 2 - The climate-related risks project would affect the accounting for impairments

  5. Which of these is a current concern over the accounting under IAS 19 Employee Benefits?

  6. If a new standard were developed for hybrid pension plans, what size project is it likely to be?

  7. Which of the following would be classified as a large project?

  8. Which, if any, of the following statements are true regarding Other Comprehensive Income? Statement 1 - Actuarial gains and losses arising from defined benefit pension plans cannot be recycled, or Statement 2 - Currently, revaluation gains on Property, Plant and Equipment cannot be recycled

  9. When is the deadline for comments?

  10. Which, if any, of the following statements is/are true regarding the agenda consultation? Statement 1 - A minimum of five of the 22 items will be selected, or Statement 2 - The only items under consideration are the 22 listed

1 Unit