Which of these items does not form part of the financial report, as defined in the Corporations Act
A) A statement of cash flows for the year.
B) Notes required by Accounting Standards.
C) Any additional disclosures necessary to give a true and fair view.
D) The directors' report.

Question

Quizplus · Accepted Answer

The directors' report is not considered part of the financial report as defined in the Corporations Act. The financial report typically includes the financial statements (statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows), notes to the financial statements, and any other disclosures required by accounting standards to present a true and fair view of the company's financial performance and position. The directors' report, on the other hand, is a separate section that provides insights into the company's operations, future prospects, and other non-financial information.

Which of These Items Does Not Form Part of the Financial