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The General Information Component of a Directors' Report Must Contain

Question 14
Multiple Choice

The general information component of a Directors' Report must contain which of the following information? I)A review of operations and the results of operations. II)The entity's principal activities. III)Likely future developments in the entity's operations. IV)Whether the financial report is in accordance with the Corporations Act. A)I,II and III only B)I,II and IV only C)II,III and IV only D)I,II,III and IV

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Which of the following is not a type of specific information required to be included in a directors' report? A)The name of each director and the period for which they were a director. B)Dividends paid to shareholders during the year. C)Details of options granted to any of the directors. D)The name of the company's auditor.
Q 16
Half yearly reports are required to be prepared by: A)small proprietary companies. B)disclosing entities. C)reporting entities. D)private companies.
Q 17
Which of the following is not required to be disclosed in an entity's accounting policy note? A)That the financial statements are general purpose financial statements. B)The measurement bases used in the preparation of the financial statements. C)That the financial statements have been prepared on the going concern basis. D)A description of the entity's key accounting policies.
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