Whether financial reviews by management, environment reports and value added financial statements are outside the scope of international financial reporting standards (IFRSs)?

Related MCQs

• Indian accounting standards are the International financial reporting standards converged standards issued by the central government of India under the supervision and control of accounting standards board of ICAI and in consultation with __________.
• Accounting standards and Standards on Auditing establish standards which have to be complied with to ensure that financial statements are prepared in accordance with ______.
• An entity shall explain how the transition from previous GAAP to IFRSs __________ its reported financial position, financial performance and cash flows.
• Which of the following statements are true? I) Financial statements are only interim report. II) Financial statements are also known as annual records. III) Financial statements are historic.
• Which sections of an annual report do IFRSs apply to?
• How does an entity adopt IFRSs for the first time?
• Which of the following is the starting point for an entity accounting in accordance with IFRSs?
• Total Number of IFRSs which are notified as of date?
• Which of the following is true about financial statements? I)Financial statement gives a summary of accounts. II) Financial statements can be stated as recorded facts.
• What items of inventories are outside the scope of Ind AS 2?