Short question

Question 1

1. An inappropriate accounting treatment can be corrected by way of a disclosure (Explanatory Note in the annual report), provided it gives a true and fair description of the case ;
2. If the management concludes that applying IFRS would be misleading it X can depart from IFRS, provided full disclosure is done ;
3. Departure from IFRS is authorized when another accounting treatment than IFRS would also give a true and fair view ;
4. None of the above ;
5. All of the above.

Answer 1

2. If the management concludes that applying IFRS would be misleading it X can depart from IFRS, provided full disclosure is done ;

Question 2

1. An inappropriate accounting treatment can be corrected by way of a disclosure (Explanatory Note in the annual report), provided it gives a true and fair description of the case ;
2. If the management concludes that applying IFRS would be misleading it X can depart from IFRS, provided full disclosure is done ;
3. Departure from IFRS is authorized when another accounting treatment than IFRS would also give a true and fair view ;
4. None of the above ;
5. All of the above.

Answer 2

2. If the management concludes that applying IFRS would be misleading it X can depart from IFRS, provided full disclosure is done ;

Question 3

Under the Acquisition Method, the cost of the acquisition is allocated to the Fair Value of assets, liabilities and contingent liabilities acquired, the balance, if any, then being a goodwill.
This allocation and the resulting goodwill can be corrected / adjusted based on subsequent information during the following period after acquisition date :

Answer 3

12 months

Question 4

The shares exchange ratio based on the respective economic values of the companies will be the same whether one records the merger using the Acquisition Method or the Pooling of Interests Method :

Answer 4

Always