Financial Statements

2. A cashflow statement is required to split information into this number of sections
4. A ratio whcih shows the proportion of Debt to total finance of the business
6. What does IAS 17 deal with
8. This is dealt with by IAS 36
10. The business is said to be this if it will continue in operations for the foreseeable future
13. One of the qualitative characteristics if the financial statements
15. IAS 2
16. A resource controlled by the entity as a result of past events and whcih future economics benefits are expected to flow into the entity
17. Which ratio is Inventory days + Receivable days - Payable days
18. A return to a shareholder on their investment

1. The number of the set of financial statements
2. Info should be provided to users within a timescale suitable for their decision making purposes
3. The residual interest in the assets of the entity after deducting all its liabilities
5. Dividends reduces these and profits increases these
7. This occurred after the reporting period but there was evidence of existence at the end of the reporting period
9. Can internally generated goodwill be recognised as an asset
11. This represents the consumption of a non current asset in the accounting period
12. One of the elements that makes up the company finance
14. If the Entity holds between 20% and 50% it is said to have this
19. The IFRS Foundation appoint members of this (Initials only)