alleryStart learning →What do the explanatory disclosures normally begin with?
AFinancial risk objectives
BStatement of Ind AS compliance
CSummary of accounting policies
DContingent liabilities list
Answer & Solution
Correct answer: B. Statement of Ind AS compliance
The normal order starts with the statement of compliance, then the policies summary, supporting information and other disclosures.
Keep practising Ind AS 1 Presentation of Financial Statements
Browse all Ind AS 1 Presentation of Financial Statements questions for CA Final, or explore more Financialreporting topics.
Related questions
If Ind AS rules are insufficient for users, what is added?In virtually all cases a true and fair view is achieved by what?How are items of dissimilar nature or function presented unless immaterial?Puttable instruments classed as equity need which outflow disclosed?What must be disclosed about externally imposed capital requirements?Capital disclosures follow information given to whom internally?A capital disclosure covers objectives, policies and what?Must estimation uncertainty disclosures include forecasts?