LOS e: Explain the general requirements for financial statements.
Which of the following is a company least likely required to present according to International Accounting Standard (IAS) No. 1?
|
A) |
A summary of accounting policies. | |
|
B) |
Statement of changes in owners’ equity. | |
|
C) |
Disclosures of material events. | |
International Accounting Standard (IAS) No. 1 defines which financial statements are required and how they must be presented. The required financial statements are:
? Balance sheet.
? Income statement.
? Cash flow statement.
? Statement of changes in owners’ equity.
? Explanatory notes, including a summary of accounting policies. Disclosures of material events that affect the company are required by the Securities and Exchange Commission (Form 8-K) for firms that are publicly traded in the United States.
| 
发表于 2010-4-17 20:39
|