If a parent entity chooses not to prepare consolidated financial statements,AASB 127 Separate Financial Statements,requires the following disclosures in the separate financial statements of the parent:
I The name,country of residence and voting power of the directors of the parent.
II That the exemption from consolidation has been used.
III A list of significant investments including the proportion of ownership.
IV A description of the method used to account for the investments.
A)I,II and IV only
B)II,III and IV only
C)II and III only
D)IV only.

Question

Quizplus · Accepted Answer

AASB 127 requires disclosure of the exemption from consolidation, a list of significant investments with ownership proportions, and the method used to account for these investments.

If a Parent Entity Chooses Not to Prepare Consolidated Financial