Using the information below, make a statement of financial position and statement of comprehensive income (profit and loss) (a disclosure of the cost of "function") of "BuildSib." The main activity of JSC "BuildSib" is the production of building materials. Joined 15.01.20X1. The reception area - Russia, Novosibirsk. Address - 630102, Novosibirsk, ul. Sunrise 54.
The data for the reporting of "BuildSib" depending on the content of the indicators are presented 20H1.g. or at the end of 20H1g .:
The structure of the balance sheet in accordance with IFRS
The company specializes in the design and manufacture of exclusive bikes. During the current year it has been produced and sold 110 bicycles. During further testing bicycle was discovered a serious defect in the steering mechanism. All 100 clients were notified in writing of the existence of the defect and that they are asked to bring their bikes to correct the identified defect free. All customers were in favor of such a solution as the only acceptable to them. The estimated cost of the solution of this issue will be 200,000 rubles.
How does this effect should be reflected in the financial statements of the company?
The amount of losses in excess of specified quantities regarded as settled claims and are charged to other expenses. The sum of 200,000 rubles will be charged as other expenses of the enterprise.
1. The purpose of IFRS financial statements is:
a) Break-even activity;
b) The achievement of maximum profit;
c) The formation of information useful to a wide range of users.
2. Income and expenses under the contract, in accordance with IAS 11 are recognized:
a) at the end the amount of work as a whole;
b) in accordance with step completion;
c) in accordance with the stage of completion when the result of a construction contract can be estimated reliably.
3. The leased assets are carried in the balance sheet in the case of a tenant:
a) operating lease;
b) Financial lease;
c) All types of leases.
4. If the assets are recorded at the amount of cash to be paid in the event that the same or an equivalent asset was acquired currently have, it's this:
a) Replacement cost;
b) actual cost;
c) Present value;
g) the possibility of the sale price.
5. Users of financial statements under IFRS are as follows:
a) The administration of the enterprise;
b) employees, suppliers, customers, the government, the public;
c) Investors, creditors;
d) Investors, creditors, employees, suppliers, customers, the government, the public;
d) The Government, the public;
e) employees, suppliers, customers.
6. IFRS results of the company are recognized:
a) As of receipt of funds;
b) As far as cash payments;
c) Upon the commission regardless of the date of receipt or payment of cash.
7. The depreciable value of the asset is determined as:
a) The initial cost;
b) the original cost less the replacement cost;
c) the original cost less residual value;
d) Replacement cost;
d) Replacement cost minus the salvage value.
8. Cash equivalents in accordance with IAS 7 "Statement of Cash Flows" - is:
b) Short-term, highly liquid investments that legkoobratimye into cash with insignificant risk of changes in value;
c) Short-term and long-term, highly liquid investments that legkoobratimye into cash with insignificant risk of changes in value;
d) Long-term, highly liquid investments that legkoobratimye into cash with insignificant risk of changes in value;
d) Securities, financial documents.
You see page: Control IFRS (MSAU)
9. The cost of inventories in accordance with IFRS 2:
a) Includes all costs associated with the production, processing and other costs incurred for delivery and placement of stocks and bring them in the required state;
b) Includes only the production costs and does not include the costs of processing and other costs incurred for delivery and placement of stocks and their present condition.
10. The Group considered to be related parties:
the original copyright work performance
made-to-order to meet all requirements;
the amount of work - 7 pages
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