If the accounting policies of a parent and subsidiary are not uniform then while preparing the consolidated financial statement

Consolidation adjustment has to be made No consolidation adjustment is required Only disclosure is required in notes to accounts Disclosure is required in director's report

Which IFRS Accounting Standard provides guidance on preparation of cash flow statement?

IAS 7 IAS 1 IAS 17 IAS 21

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

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

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

3 months 6 months 9 months 12 months