CA Inter Accounting Standards Quiz

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

Which accounting standard covers contingencies and events occurring after the balance sheet date?

  • AS 7
  • AS 5
  • AS 4 (correct)
  • AS 9

Which accounting standard covers construction contracts?

  • AS 17
  • AS 7 (correct)
  • AS 9
  • AS 18

Which accounting standard covers net profit or loss for the period, prior period items, and changes in accounting policies?

  • AS 7
  • AS 5 (correct)
  • AS 9
  • AS 4

Which accounting standard covers related party disclosures?

<p>AS 18 (B)</p> Signup and view all the answers

Which accounting standard covers revenue recognition?

<p>AS 9 (B)</p> Signup and view all the answers

Which accounting standard covers segment reporting?

<p>AS 17 - Segment Reporting (C)</p> Signup and view all the answers

Which accounting standard covers leases?

<p>AS 19 - Leases (C)</p> Signup and view all the answers

Which accounting standard covers accounting for taxes on income?

<p>AS 22 - Accounting for Taxes on Income (B)</p> Signup and view all the answers

Which accounting standard covers earnings per share?

<p>AS 20 - Earnings Per Share (B)</p> Signup and view all the answers

Which accounting standard covers discontinuing operations?

<p>AS 24 - Discontinuing Operations (D)</p> Signup and view all the answers

Flashcards

What does AS 4 cover?

This standard deals with how to account for and present uncertain gains or losses and events occurring after the balance sheet date.

What does AS 7 cover?

This standard outlines the accounting treatment for construction contracts, focusing on revenue and cost recognition.

What does AS 5 cover?

This standard specifies the accounting and reporting of profit or loss, identifies prior period items, and addresses changes in accounting policies.

What does AS 18 cover?

This standard mandates the disclosure of related party relationships and transactions to ensure transparency.

Signup and view all the flashcards

What does AS 9 cover?

This standard provides guidance on when and how to recognize revenue.

Signup and view all the flashcards

What does AS 17 cover?

This standard prescribes how to report financial information about different segments of an enterprise.

Signup and view all the flashcards

What does AS 19 cover?

This standard specifies the accounting treatment for leases, distinguishing between finance and operating leases.

Signup and view all the flashcards

What does AS 22 cover?

This standard deals with accounting for current and deferred taxes that arise from taxable temporary differences.

Signup and view all the flashcards

What does AS 20 cover?

This standard prescribes the method for calculating and presenting earnings per share (EPS).

Signup and view all the flashcards

What does AS 24 cover?

This standard specifies the accounting and disclosure requirements for discontinuing operations of a business.

Signup and view all the flashcards

Study Notes

Accounting Standards

  • IAS 37 covers contingencies and events occurring after the balance sheet date.
  • IAS 11 covers construction contracts.
  • IAS 8 covers net profit or loss for the period, prior period items, and changes in accounting policies.
  • IAS 24 covers related party disclosures.
  • IFRS 15 covers revenue recognition.
  • IFRS 8 covers segment reporting.
  • IFRS 16 covers leases.
  • IAS 12 covers accounting for taxes on income.
  • IAS 33 covers earnings per share.
  • IFRS 5 covers discontinuing operations.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team

More Like This

Use Quizgecko on...
Browser
Browser