The format of the financial statements and the disclosure notes are prescribed by accounting standards and Company Law.
Which THREE of the following are headings within the statement of financial position?
Which THREE of the following are subsidiary bodies of the IFRS Foundation?
The Accounting Standards Board is responsible for:
A company's payables days has reduced from 60 days to 55 days.
Which of the following could be a possible explanation for this?
ABC produces accounts to the year ended 31 December annually Extracts from the most recent financial statements are.
Which of the following ratios is a liquidity ratio?
Where a transaction is entered into the correct ledger accounts, but the wrong amount is used, the error is known as an error of
Which one of the following will not be found in a statement of changes in equity?
There are four separate but related bodies which control the setting of International accounting standards (IFRS’s).
Which THREE of the following are included in the standard setting process?
Which of the following entries would result in the trial balance not agreeing?
(a) An invoice for £200 for electricity has been omitted from the ledgers
(b) A payment received from a customer has been posted to the accounts twice
(c) An invoice for repairs and maintenance has been charged to the non-current asset account
(d) A payment made to suppliers had been recorded in the cash book but not recorded in the supplier's account
Which of the following would be a role of the management accountant?
