Recoverable amount of non-monetary assets(In case of impairment) is translated at the exchange rate

When such recoverable amount is determined At the balance sheet date At the beginning of year Average rate

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

The reporting date of a subsidiary can differ from parent reporting date by not more than

3 months 6 months 9 months 12 months

Which one of these is NOT a basis of preparation of financial statements under IFRS?

Legal arrangement irrespective of the substance Based on the substance underlying a transaction Fair value approach for recognition and measurement Accrual basis

Any Non-Cash consideration included in transaction price will be calculated at?

Shall be ignored Fair value Nominal amount Net realisable value