According to International Financial Reporting Standards (IFRS), all of the following are part of minimum components of interim financial reporting except:
A) A condensed statement of cash flows.
B) A condensed statement of financial position.
C) A condensed statement of accumulated pension liabilities.
D) A condensed statement of net income and comprehensive income.
E) Accrual of income tax expense at the end of each interim period.

Question

Quizplus · Accepted Answer

According to IFRS, the minimum components of interim financial reporting include a condensed statement of financial position, a condensed statement of net income and comprehensive income, a condensed statement of cash flows, and accrual of income tax expense at the end of each interim period. A condensed statement of accumulated pension liabilities is not a minimum component of interim financial reporting under IFRS.

According to International Financial Reporting Standards (IFRS), All of the Following