AASB 101 requires that a reconciliation between the carrying amount of each class of contributed equity capital and each reserve at the beginning and end of each period be disclosed in:
A) the statement of changes in equity only.
B) the notes to the financial statements only.
C) Statement of profit or loss and other comprehensive income.
D) either the statement of changes in equity or the notes to the financial statements.

Question

Quizplus · Accepted Answer

AASB 101 requires that the reconciliation between the carrying amount of each class of contributed equity capital and each reserve must be disclosed either in the statement of changes in equity or in the notes to the financial statements. Therefore, option D is the correct answer.

AASB 101 Requires That a Reconciliation Between the Carrying Amount