IASB sets out plans

How many chairs of the IASB have there been?

4

2

5

3

Which of these standards is mentioned as being under consideration under the new chair of the IASB?

IAS 38 Intangible Assets

IAS 16 Property, Plant and Equipment

IAS 36 Impairment of Assets

IAS 2 Inventories

What is the proposed development in relation to sustainability-related issues?

Create a new IFRS in relation to sustainability

Mirror the treatment proposed by G20 leaders

Incorporate sustainability into IAS 1 Presentation of Financial Statements

Set up a new board related to sustainability

Which, if any, of the following items were completed under the previous chair of the IASB? Area 1 - IFRS 9 Financial Instruments, or Area 2: IFRS 16 Leases -

Both areas

Area 2 only

Area 1 only

Neither area

What is the name of the large feedback project recently undertaken by the IASB?

Annual review meeting

Peer review project

Agenda consultation project

Broad discussion arrangement

What is the purpose of a Post-Implementation-Review?

None of these

To issue a discussion paper

To begin the research into a new standard

To see if a standard is working as intended

Which of the following is undergoing a Post-Implementation-Review?

IFRS 9 Financial Instruments

IFRS 16 Leases

IFRS 15 Revenue from Contracts with Customers

IFRS 8 Segmental Reporting

Which, if any, of the following statements is correct? Statement 1 - Recycling gains/losses recorded in OCI for equity investments is encouraged or Statement 2 - Recycling gains/losses recorded in OCI for equity investments is mandatory

Statement 1 only is correct

Neither statement is correct

Statement 2 only is correct

Both statements are correct

When are the comments due for the Post-Implementation-Review?

January 2022

December 2021

December 2022

September 2022

Which, if any, of the following statements is/are true regarding the IASB’s recycling decision? Statement 1 - Allowing recycling of gains/losses would increase the complexity of financial reporting or Statement 2 - Allowing recycling of gains/losses would increase the potential for earnings management within firms

Both statements

Statement 2 only

Statement 1 only

Neither statement

How many chairs of the IASB have there been?

Which of these standards is mentioned as being under consideration under the new chair of the IASB?

What is the proposed development in relation to sustainability-related issues?

Which, if any, of the following items were completed under the previous chair of the IASB? Area 1 - IFRS 9 Financial Instruments, or Area 2: IFRS 16 Leases -

What is the name of the large feedback project recently undertaken by the IASB?

What is the purpose of a Post-Implementation-Review?

Which of the following is undergoing a Post-Implementation-Review?

Which, if any, of the following statements is correct? Statement 1 - Recycling gains/losses recorded in OCI for equity investments is encouraged or Statement 2 - Recycling gains/losses recorded in OCI for equity investments is mandatory

When are the comments due for the Post-Implementation-Review?

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