An entity defined as a 'disclosing entity' under the Corporations Act must prepare interim financial reports. The content of an interim financial report, under IAS 34/ AASB 134, must include, as a minimum:
A) a condensed statement of financial position, a condensed statement of comprehensive income and selected notes.
B) a condensed statement of financial position, a condensed statement of profit or loss and other comprehensive income, and a condensed statement of changes in equity.
C) a condensed statement of financial position, a condensed statement of profit or loss and other comprehensive income, a condensed statement of changes in equity, a condensed statement of cash flows and selected notes.
D) a condensed statement of financial position, a condensed statement of profit or loss, a condensed statement of cash flows and selected notes.

Question

Quizplus · Accepted Answer

IAS 34 / AASB 134 requires an interim financial report to include, at a minimum, a condensed statement of financial position, a condensed statement of profit or loss and other comprehensive income, a condensed statement of changes in equity, a condensed statement of cash flows, and selected explanatory notes.

An Entity Defined as a 'Disclosing Entity' Under the Corporations