1 / 5   In a defined benefit plan, plan assets are measured at each balance sheet date at?

Fair value Cost Cost or fair value whichever is less Book value

2 / 5   Which of the following will form part of financial statement under IFRS?

Statement of financial position Value added statement Statement of financial review by management Environmental report

3 / 5   IFRS is developed primarily for what type of financial reporting?

External to Shareholders and investors Internal to management Reporting to the employees To tax authorities for disclosing taxable income

4 / 5   Cash payments to acquire assets that will be held for rental to others and subsequently for sale are

Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Cash flow from foreign activities

5 / 5   A Cash flow statement included in the financial statements provides the information on cash flow?

For the financial year/period As at the balance sheet date Accumulated from date of incorporation For the next 12 months