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Which is not a required reconciliation

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Problem 1: Under which of the following circumstances would an entity's current year financial statements not qualify as first IFRS financial statements?

a) The entity prepared its financial statements under IFRS for internal purposes

b) The entity prepared its financial statements under its national GAAP

c) The entity prepared its financial statements in conformity with all requirements of IFRS but did not contain an explicit and unreserved statement of compliance with IFRS

d) The entity prepared its financial statements in conformity with all requirements of IFRS and contain an explicit and unreserved statement of compliance with IFRS

Problem 2: PFRS 8 requires that an entity should provide reconciliations of segment information. Which is not a required reconciliation?

a) The total of the reportable segments' revenue to the entity's revenue

b) The total of the reportable segments' profit or loss to the entity's profit or loss before tax expense and discontinued operations

c) The total number of major customers of all segments to the total number of major customers of the entity

d) The total of the reportable segments' assets to the entity's assets

Reference no: EM132765944

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