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CS Executive Practice Test: Adoption, Convergence & Interpretation of IFRS & Accounting Standards in India – Corporate and Management Accounting
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Avg score: 89% Most missed: “Under Ind AS-1, presentation of any items of income or expense as extraordinary …”
CS Executive Practice Test: Adoption, Convergence & Interpretation of IFRS & Accounting Standards in India – Corporate and Management Accounting
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14 Questions

1. IAS-1 allows the classification of expenses based on within the equity
2. Under Ind AS-1, presentation of any items of income or expense as extraordinary is
3. Ind AS-1 requires that classification of expenses be presented on the basis of –
4. The main objective of the Ind AS- 10 is:
5. IAS-1 requires:
6. Ind AS-11 requires contract revenue to be measured at –
7. Ind AS-7 deals with:
8. Ind AS-1 requires disclosure of critical assumptions about the future and other sources of measurement uncertainty
9. IAS-1 allows the classification of expenses based on within the equity
10. Ind AS-34 requires the following in the contents of an interim financial report in addition to what was required under previous standard AS-25 condensed balance sheet, a condensed statement of profit and loss, a condensed cash flow statement –
11. Ind AS-2
12. Ind AS-20 requires government grants of the nature of promoters contribution to be –
13. Ind AS-34 requires the following in the contents of an interim financial report in addition to what was required under previous standard AS-25 condensed balance sheet, a condensed statement of profit and loss, a condensed cash flow statement –
14. Ind AS-11 requires contract revenue to be measured at –