An interim financial report prepared by a disclosing entity is required to include which of the following statements?
I. Condensed statement of cash flows
II. Condensed statement of changes in equity
III. Condensed statement of financial position
IV. Condensed statement of profit or loss and other comprehensive income
A) II, III and IV only
B) III and IV only
C) I and II only
D) I, II, III and IV

Question

Quizplus · Accepted Answer

An interim financial report typically includes a condensed statement of cash flows, a condensed statement of changes in equity, a condensed statement of financial position, and a condensed statement of profit or loss and other comprehensive income. These components provide a comprehensive overview of the entity's financial performance and position during the interim period.

An Interim Financial Report Prepared by a Disclosing Entity Is