Financial reporting fixes

How many items are listed on the IASB's Agenda Consultation?

40

9

22

15

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

Loss of control due to a dilution of shareholding

Dealing with intra-group transactions between continuing and discontinued operations

When to classify non-current assets as held for sale

Recognition of impairment

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

Two to three

Four to five

Nine to ten

Seven to eight

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

Statement 1 only

Both statements

Statement 2 only

Neither statement

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

There is no specified way to account for hybrid pension plans

The corridor approach is unwieldy

None of these

Defined contribution plans are too complex

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

Large

Medium

Small

This is not a current consideration

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

Both of these items

Neither of these items

Clarification on the expenses relating to inventory and cost of sales

Clarification on Other Comprehensive Income

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

Statement 1 only is correct

Both statements are correct

Statement 2 only is correct

Neither statement is correct

When is the deadline for comments?

31 December 2021

30 June 2021

27 September 2021

31 March 2022

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

Statement 2 only

Neither statement

Statement 1 only

Both statements

Financial reporting fixes

How many items are listed on the IASB's Agenda Consultation?

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

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

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

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

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

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

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

When is the deadline for comments?

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

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