IASB looks at non-GAAP measures

What does MPM stand for?

Measurable profitability margins

Management performance measures

Measurable performance metrics

Management performance metrics

Which standard would be new IFRS Accounting Standard resulting from the Primary Financial Statements project replace?

IAS 1, Presentation of Financial Statements

None of these

IFRS 10, Consolidated Financial Statements

IAS 27, Separate Financial Statements

What elements are the IASB focusing on in defining an MPM?

Measures of cashflow

Subtotals of income and expenses

Statement of financial position measures

None of these

Which, if any, of the following characteristics are true of an MPM? Statement 1, they communicate management's view of an aspect of an entity's financial performance OR statement 2, they are used in public communications outside of the financial statements

Statement 1 only

Neither statement

Both statements

Statement 2 only

What is a new, acceptable subtotal proposed by the IASB?

Earnings before interest, tax, depreciation and amortisation

Operating profit before depreciation, amortisation and specified impairments

Earnings before interest, tax, depreciation, amortisation and restructuring

Operating profit before exceptional items

Which of the following was not identified as a commonly used non-GAAP measure?

Adjusted operating profit

Adjusted cashflows

Adjusted EBITDA

Adjusted profit

Which of the following should be included in the reconciliation between the MPM and most directly comparable subtotal?

Effect on non-controlling interest only

Income tax effect and effect on non-controlling interests

Income tax effect only

Pre-tax effect only

Which, if any, of the following statements are true in respect of EBITDA? Statement 1, the use of EBITDA will be prohibited OR statement 2, the IASB hopes that OPDAI will replace EBITDA

Neither statement is correct

Both statements are correct

Statement 1 only is correct

Statement 2 only is correct

Which of the following financial statements is primarily focused on as part of the Primary Financial Statements project?

All of the statements

Statement of profit or loss

Statement of financial position

Statement of cashflows

Which, if any, of the following items are true? Item 1, companies cannot change the method of calculating an MPM from year to year OR item 2, companies should explain how the MPM provides useful information about the entity's performance

Neither item

Item 2 only

Item 1 only

Both items

IASB looks at non-GAAP measures

What does MPM stand for?

Which standard would be new IFRS Accounting Standard resulting from the Primary Financial Statements project replace?

What elements are the IASB focusing on in defining an MPM?

Which, if any, of the following characteristics are true of an MPM? Statement 1, they communicate management's view of an aspect of an entity's financial performance OR statement 2, they are used in public communications outside of the financial statements

What is a new, acceptable subtotal proposed by the IASB?

Which of the following was not identified as a commonly used non-GAAP measure?

Which of the following should be included in the reconciliation between the MPM and most directly comparable subtotal?

Which, if any, of the following statements are true in respect of EBITDA? Statement 1, the use of EBITDA will be prohibited OR statement 2, the IASB hopes that OPDAI will replace EBITDA

Which of the following financial statements is primarily focused on as part of the Primary Financial Statements project?

Which, if any, of the following items are true? Item 1, companies cannot change the method of calculating an MPM from year to year OR item 2, companies should explain how the MPM provides useful information about the entity's performance

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