AASB 101/IAS 1 Presentation of Financial Statements, requires which of the following items to be disclosed separately on the face of the statement of profit or loss and other comprehensive income? I Cost of sales
II Revenue
III Finance costs
IV Share of the profit or loss from associates
V Audit and non-audit fees
VI Total other comprehensive income
VII Profit or loss
A) I, II, VI and VII only
B) I, II, III and V only
C) II, III, IV, VI and VII only
D) I, III, V and VII only

Question

Quizplus · Accepted Answer

C) II, III, IV, VI, and VII only are required to be disclosed separately according to AASB 101/IAS 1. This includes Revenue, Finance costs, Share of the profit or loss from associates, Total other comprehensive income, and Profit or loss.

AASB 101/IAS 1 Presentation of Financial Statements, Requires Which of the Following