Financial Statements

4. This is dealt with by IAS 36
6. One of the qualitative characteristics if the financial statements
8. Resources controlled by the entity as a result of past events and which future economics benefits are expected to flow into the entity
9. Returns to a shareholder on their investment
14. If the Entity holds between 20% and 50% it is said to have this
15. A ratio which shows the proportion of Debt to total finance of the business
16. One of the elements that makes up the company finance
17. What is Inventory days + Receivable days - Payable days
19. This represents the consumption of a non current asset in the accounting period

1. What does IAS 17 deal with
2. A cashflow statement is required to split information into this number of sections
3. Dividends reduce these and profits increase these
5. This occurred after the reporting period but there was evidence of existence at the end of the reporting period
7. The residual interest in the assets of the entity after deducting all its liabilities
10. IAS 2
11. How many financial statements make up a set of financial statements
12. Info should be provided to users within a timescale suitable for their decision making purposes
13. The business is said to be this if it will continue in operations for the foreseeable future
18. The IFRS Foundation appoint members of this (Initials only)
20. Can internally generated goodwill be recognised as an asset