NZIAS 1 Flashcards
What is the full name of the Statement of Comprehensive Income under NZIAS 1 paragraph 81?
Statement of profit or loss and other comprehensive income
In addition to items required by other NZ IFRSs, Under NZIAS 1, the profit or loss section or the statement of profit or loss shall include line items that present the following amounts for the period:
(a) _________;
(b) finance costs;
(c) share of the profit or loss of associates and joint ventures accounted for using the equity method; (d) tax expense;
(e) [deleted by IASB]
(ea) a single amount for the total of discontinued operations (see NZ IFRS 5)
(f) –(i) [deleted by IASB]
revenue
In addition to items required by other NZ IFRSs, Under NZIAS 1, the profit or loss section or the statement of profit or loss shall include line items that present the following amounts for the period:
(a) revenue;
(b) ___________________;
(c) share of the profit or loss of associates and joint ventures accounted for using the equity method; (d) tax expense;
(e) [deleted by IASB]
(ea) a single amount for the total of discontinued operations (see NZ IFRS 5)
(f) –(i) [deleted by IASB]
finance costs
In addition to items required by other NZ IFRSs, Under NZIAS 1, the profit or loss section or the statement of profit or loss shall include line items that present the following amounts for the period:
(a) revenue;
(b) finance costs;
(c) _________________________________
(d) tax expense;
(e) [deleted by IASB]
(ea) a single amount for the total of discontinued operations (see NZ IFRS 5)
(f) –(i) [deleted by IASB]
share of the profit or loss of associates and joint ventures accounted for using the equity method
________ sets out the Presentation Requirements for Financial Reporting.
NZIAS 1
NZIAS 1 sets out the _________________ for Financial Reporting.
Presentation Requirements
NZIAS 1 sets out the Presentation Requirements for ________________.
Financial Reporting
Under NZIAS 1, paragraph ____, a complete set of financial statements include:-
(a) a statement of financial position as at the end of the period;
(b) a statement of profit or loss and other comprehensive income for the period;
(c) a statement of changes in equity for the period;
(d) a statement of cash flows for the period;
(e) notes, comprising significant accounting policies and other explanatory information;
10
Under NZIAS 1, paragraph 10, a complete set of financial statements include:-
(a) a __________________ as at the end of the period;
(b) a statement of profit or loss and other comprehensive income for the period;
(c) a statement of changes in equity for the period;
(d) a statement of cash flows for the period;
(e) notes, comprising significant accounting policies and other explanatory information;
statement of financial position
Under NZIAS 1, paragraph 10, a complete set of financial statements include:-
(a) a statement of financial position as at the end of the period;
(b) a ________________ and other comprehensive income for the period;
(c) a statement of changes in equity for the period;
(d) a statement of cash flows for the period;
(e) notes, comprising significant accounting policies and other explanatory information;
statement of profit or loss
Under NZIAS 1, paragraph 10, a complete set of financial statements include:-
(a) a statement of financial position as at the end of the period;
(b) a statement of profit or loss _______________________ for the period;
(c) a statement of changes in equity for the period;
(d) a statement of cash flows for the period;
(e) notes, comprising significant accounting policies and other explanatory information;
and other comprehensive income
Under NZIAS 1, paragraph 10, a complete set of financial statements include:-
(a) a statement of financial position as at the end of the period;
(b) a statement of profit or loss and other comprehensive income for the period;
(c) a __________________ for the period;
(d) a statement of cash flows for the period;
(e) notes, comprising significant accounting policies and other explanatory information;
statement of changes in equity
Under NZIAS 1, paragraph 10, a complete set of financial statements include:-
(a) a statement of financial position as at the end of the period;
(b) a statement of profit or loss and other comprehensive income for the period;
(c) a statement of changes in equity for the period;
(d) a _________________ for the period;
(e) notes, comprising significant accounting policies and other explanatory information;
statement of cash flows
Under NZIAS 1, paragraph 10, a complete set of financial statements include:-
(a) a statement of financial position as at the end of the period;
(b) a statement of profit or loss and other comprehensive income for the period;
(c) a statement of changes in equity for the period;
(d) a statement of cash flows for the period;
(e) _______, comprising significant accounting policies and other explanatory information;
notes
Under NZIAS 1, paragraph 10, a complete set of financial statements include:-
(a) a statement of financial position as at the end of the period;
(b) a statement of profit or loss and other comprehensive income for the period;
(c) a statement of changes in equity for the period;
(d) a statement of cash flows for the period;
(e) notes, _____________________ and other explanatory information;
comprising significant accounting policies
Under NZIAS 1, paragraph 10, a complete set of financial statements include:-
(a) a statement of financial position as at the end of the period;
(b) a statement of profit or loss and other comprehensive income for the period;
(c) a statement of changes in equity for the period;
(d) a statement of cash flows for the period;
(e) notes, comprising significant accounting policies and _____________________;
other explanatory information
Section ___ of the Financial Reporting Act 2013 sets out the obligation to comply with financial reporting standards as part of complying with GAAP.
8
Section 8 of the _________________ sets out the obligation to comply with financial reporting standards as part of complying with GAAP.
Financial Reporting Act 2013
Section 8 of the Financial Reporting Act 2013 sets out the _____________ with financial reporting standards as part of complying with GAAP.
obligation to comply
Section 8 of the Financial Reporting Act 2013 sets out the obligation to comply with _______________ as part of complying with GAAP.
financial reporting standards
Section 8 of the Financial Reporting Act 2013 sets out the obligation to comply with financial reporting standards as part of complying with ____________.
GAAP
Under NZ IAS 1, _____________ is the residual interest in the assets of the entity after deducting all its liabilities.
Equity
Under NZ IAS 1, Equity is the ______________ in the assets of the entity after deducting all its liabilities.
residual interest
Under NZ IAS 1, Equity is the residual interest in the _______________ after deducting all its liabilities.
assets of the entity