IND AS 34 - Interim Financial Reporting

Question 1

An entity may reverse an impairment loss recognized in a previous interim period in respect of goodwill in the subsequent period.

1. True
2. False

Answer 1

False

Question 2

Which of the following is not the minimum components of an interim financial report?

1 : Condensed balance sheet
2 : Condensed statement of changes in equity
3 : Condensed statement of cash flows
4 : Comparative information in respect of the preceding period

Answer 2

Comparative information in respect of the preceding period

Question 3

An entity is not required to present basic and diluted earnings per share as the components of profit or loss for an interim period.

1 : TRUE
2 : FALSE

Answer 3

False