alleryStart learning →Events after the interim period not reflected in its statements must be:
AIgnored as irrelevant
BAdjusted in the earlier quarter
CDisclosed in the interim report
DRecorded in the annual report
Answer & Solution
Correct answer: C. Disclosed in the interim report
Post-period events left out of the recognised figures still need disclosure so users are not misled.
Keep practising Ind AS 34 Interim Financial Reporting
Browse all Ind AS 34 Interim Financial Reporting questions for CA Final, or explore more Financialreporting topics.
Related questions
A reporter more frequent than half-yearly measures income and expenses on what basis?Versus IAS 34, Ind AS 34 allows profit and loss in:Ind AS 34 Appendix A on interim reporting and impairment matches which interpretation?Ind AS 36 states that an impairment loss recognised for goodwill:The ban on reversing interim goodwill impairment is extended by analogy to other areas:Goodwill impairment booked in an interim period is later:Why must a policy change cover the whole financial year?A change in accounting policy at an interim date is reflected by: