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

Current liability does not include?

Minority Interest Short term borrowings Provision for income tax Trade Payables

As per IAS-1, non-controlling interest (NCI) is presented in the statement of financial position as?

A separate item from liabilities and equity Component of equity Non-current liability Current liability

Which IFRS Accounting Standard provides guidance on accounting for income taxes?

IAS 12 IAS 2 IAS 33 IAS 36

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