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WorksheetsACCOUNTING STANDARDS
Total questions: 10
Worksheet time: 7mins
What is the name for IAS 16?
(a)
Based on IAS 16, initial measurement for tangible non current assets should include the following except...
Carriage Inwards
Future decommissioning costs
Maintenance cost
Installation charges.
Based on IAS 16, subsequent measurement of tangible non current assets can be (a)
What are the factors affecting depreciation calculation?
Initial carrying value
Residual value
EUEL
All the above
What is the current accounting standards governing leasing arrangements?
IAS 17
FRS 17
IFRS 16
MFRS 16
IAS 2 standards governing......
Accounting for financial instruments.
Accounting for inventories
Investment in Associates
Subsidiaries
Based on IAS 36 Impairments, Recoverable amount is the higher of comparing....
Fair value and NRV
Fair value and Value in use
Carrying value and NRV
NRV and value in use
If the carrying value of tangible non current assets is higher than recoverable amount, the difference will be known as (a)
How many conditions must be fulfilled by Research Expenditure to qualify as a non current assets as per IAS 38?
3
6
5
7
The following standards is not governing consolidation.....
IFRS 3
IFRS 10
IAS 27
IAS 33
