Training RP 2023

Flow details - tangible assets. When "other movements" column should be informed?

• Anytime. The most important issue is eliminate the control of each line

• When there is a decision to group increases an decreases ocurred during the year

• When there were remapping between accounts

• When there where audit adjustments or remapping with accounts not included in the chart

Fixed assets - Estimated useful life in years. Which detail should be included in this chart?

• Remaning useful life of the items

• Useful life average of each class of assets

• Useful life range included the ones fully amortized/depreciated

• none of them

Your entity got a bank loan of AUD 8M (Australian dolars) in the end of the prior year and did not pay any amount during the year. The interests calculated were AUD 800. Exchange rates LC-AUD (prior year 1=1; current year 1 = 2, average of the year 1.5)

• Opening balance LC 8M

  Interests LC 0,8M

  Closing Balance LC 8,8M

• Opening balancce LC 8M

  Interests LC 1,2M

  Exchange rate effects LC 8,4M

  Closing balane LC 17,6M

• Opening balance LC 8M

  Interests LC 0,8M

  Other changes LC 8,8M

  Closing balance LC 17,6M

Section - Financial Instrument - Market risk

Select the correct option to report considering there is one outstanding invoice in your entity which was billed in australian dollars (50 AUD) during the year.

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For the reporting package, samples are recognized as:

• Exepenses as soon as they are purchased

• Inventories when purchased and operating expenses when is distributed

• Inventories when purchased and cost of goods when distributed

• none of them

An entity entered in a new office rental contract in the beggining of the year which IFRS16 is applicable . What are the journal entries in the year-end if there was no payment during this period?

• An asset as right-of-use and a liability as counterpart

• An asset as right-of-use, a liability and a financial expenses

• Nothing until invoices related to the rental is billed by the lessor

• An assets as right-of-use, the accumulative depreciation of the period, a liability, a financial expense and a depreciation expense

IFRS 16 - When an index has been updated in the contract. What will be the impact in the accounts?

• An increase in the right-of use and an increase in the liability account

• A decrease in the right of use and an increase in the liability account

• the effect will be recognized directly in the expenses account

• Assets and liabilities accounts will vary depending on the index variation

An office was rented for 8 months to accommodate employees of a special company project. Under IFRS 16 the contract is

• recognized as operative expenses

• recognized as right-of-uses

The entity enters into a contract with a notebook supplier. It will be rented 50 notebooks for the sales force department for 3 years for dealing with ordinary use. Under IFRS 16...

• It will be recognized as right-of-use because of the agreement's total amount and period

• Considering the contract period is higher than 12 months it must be recognized as a right-of-use

• This contract can be recognized as Operating Expenses