Specific disclosure requirements for concise financial reports mandated in AASB 1039 include:
A)sales revenue in accordance with AASB 118
B)comparative information for the preceding financial year
C)the presentation currency used
D)all of the above

Question

Quizplus · Accepted Answer

The concise financial report is required to disclose the sales revenue in accordance with AASB 118, comparative information for the preceding financial year, and the presentation currency used. Therefore, option D, i.e., "all of the above," is the correct answer.

Specific Disclosure Requirements for Concise Financial Reports Mandated in AASB