Know How about IFRS

IAS 19 is all about

Employee Benefits

Old age Benefits

Pension

Superannuation fund

IAS 20 is all about:

Restricted Grants

Government Grants

Transfer Payments

Insurance Contracts

Accounting for the Effects of Changes in Foreign Exchange Rates is the title of which standard:

IFRS 1

IAS 2

IAS 21

None of Above

IAS 26 is all about:

Property, Plant and Equipment

Inventories

None of above

Accounting and Reporting by Retirement Benefit Plans

IAS 27 is all about:

Employee Benefits

Consolidated Financial Benefits

Separate Financial Statements

Investments in Associates and Joint Ventures (2011)

Investments in Associates and Joint Ventures (2011) is the title to which Standard

IFRS 17

IAS 7

IAS 28

None of Above

IAS 28 and IAS 29 are respectively about what?

Investments in Associates and JVs

Investments in Associates and JVs, Subsidiaries

Investments in Associates and JVs and Hyperflationary

Investments in Associates and JVs and Financial Instruments

IAS 32 is all about what?

Financial Instrument Introduction

Financial Instrument Disclosures

Financial Statement Presentation

Financial Statement Measurement

IAS 34 is all about:

Earnings Per Share

Share Capital

Interim Financial Reporting

Seperate Financial Statements

IFRS 3 is all about Business Combinations

True

False

I don't Know

I'ts Separate Financial Statements

IFRS 4 is all about Insurance Contracts:

False

I don't Know

Separate Financial Statements

True

Non-current Assets Held for Sale and Discontinued Operations is the title to which standard?

IFRS 6 is all about:

Hyperinflation Economies

IFRS 5 — Non-current Assets Held for Sale and Discontinued Operations

Exploration for and Evaluation of Mineral Resources

None of Above

IFRS 7 is all about:

Financial Statements Presentation

Financial Instruments Presentation

Financial Statements Disclosures

Financial Instruments Disclosures

IFRS 8 and IFRS 9 are respectively about:

Operating Segments and Financial Instruments

Financial Instruments Disclosures and Financial Instruments Presentation

Financial Instruments and Operating Segments

Operating Segments

IFRS 10 is about

It is extension of IAS 27 Separate Financial Statements

Separate Financial Statements Disclosures

Consolidated Financial Statements

Consolidated Financial Instruments

IFRS 11 is all about (Select Title):

Joint Arrangements

Joint Ventures

Joint Operations

None of Above

IFRS 12 — Disclosure of Interests in Other Entities

False

True

I don't Know

IFRS 13 is about:

Consolidation

Financial Instruments

Fair Value Measurements

None of Above

IFRS 14 deals with

Regulatory Deferral Accounts

Deferred Taxation

Income Taxation

Regulatory Authorities

IFRIC 1 is all about?

Changes in Existing Decommissioning, Restoration and Similar Liabilities

Changes in Existing Decommissioning, Restoration and Current Liabilities

Changes in Current Decommissioning, Restoration and Current Liabilities

Property, Plant Fair Value

IFRIC 2 is all about:

It is withdrawn

Employee Benefits

Employee Share Option Schemes

Members' Shares in Co-operative Entities and Similar Instruments

IFRIC 4 is all about:

Classification of Leases

Leases Incremental Borrowing Rates

Determining Whether an Arrangement Contains a Lease

Determining Whether an Arrangement Contains a Finance Lease

IFRIC 5 deals with following subject:

Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds

Rights to Interests arising from Decommissioning, Restoration and Environmental Retirement Funds

Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Provisions

None of Above

IFRIC 5 is Liabilities Arising from Participating in a Specific Market - Waste Electrical and Electronic Equipment

Right

Wrong

IFRIC 7 deals with what topic:

Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies

Applying the Restatement Approach under IAS 29 Financial Reporting in Normal Economies

Applying the Classification Approach under IAS 29 Financial Reporting in Hyperinflationary Economies

None of Above

IFRIC 9 is all about

Financial Instruments

Embedded Derivatives

Reassessment of Embedded Derivatives

None of Above

IFRIC 10 deals with which of the following Subject:

Interim Financial Reporting

Interim Financial Reporting and Impairment

Interim Financial Reporting and Amortization

None of Above

IFRIC 12 is all about:

Service Concession Arrangements

Service Commission Arrangements

Service Concession Ventures

Subsidiaries Concession Arrangements

IFRS 14 specifically deals with following topics?

The Limit on a Defined Benefit Asset

Minimum Funding Requirements

Interaction Among Them

All of the Above

IFRIC 16 topic of discussion is actually:

Hedges of a Net Investment in a Foreign Operation

Hedges of a Net Investment in a Local Operation

Hedging of the Risks

Embedded Derivatives

Distributions of Non-cash Assets to Owners is a topic of discussion of?

IFRIC 17

IFRS 17

Both of Above

None of Above

IFRIC 19 is all about:

Extinguishing Financial Liabilities with Equity Instruments

Extinguishing Financial Liabilities with Debt Instruments

Both of Above

None of Above

Stripping Costs in the Production Phase of a Surface Mine is a topic of discussion of which IFRIC?

IFRIC 20

IFRS 2

IAS 20

IFRIC 21

IFRIC 21, 22 and 23 respectively states which topics?

Levies, Foreign Currency Transactions and Advance Consideration, Leases

Levies, Uncertainty over Income Tax Treatments, Government Grants

Levies, Uncertainty over Income Tax Treatments, Borrowing costs

Levies, Foreign Currency Transactions and Advance Consideration, Uncertainty over Income Tax Treatments

SIC 7 is the topic of discussion:

Cash Flows Statements

Operating Cash Flows

Introduction of the Euro

Introduction of GAAP

Government Assistance – No Specific Relation to Operating Activities is the topic of Which interpretation?

SIC-10

IFRIC-10

IFRS-10

ISA-10

SIC-15 topic of discussion is:

Operating Leases – Incentives

Operating Leases – Assessments

Operating Leases – Recognition

None of Above

Income Taxes – Changes in the Tax Status of an Enterprise or its Shareholders

SIC-25

IFRS-15

IFRIC-15

None of Above

Evaluating the Substance of Transactions in the Legal Form of a Lease is the topic of discussion of which SIC?

SIC 27

SIC 15

SIC 10

All of Above

Service Concession Arrangements: Disclosures is the topic of discussion of which interpretation?

SIC 27

SIC 29

SIC 25

SIC 15

Intangible Assets – Web Site Costs is the topic of discussion of which topic?

SIC 32

SIC 33

SIC 30

SIC 31

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