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- IAS 24 – Related Party Disclosures 0%
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Question 1 of 10
1. Question
Under which of the following conditions is a person or a close member of that person’s family related to a reporting entity?
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Question 2 of 10
2. Question
Under which of the following conditions is an entity related to a reporting entity?
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Question 3 of 10
3. Question
A related party transaction is a transfer of resources, services or obligations between a reporting entity and a related party, ___________.
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Question 4 of 10
4. Question
Close members of the family of a person are those family members who may be expected to influence, or be influenced by, that person in their dealings with the entity.
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Question 5 of 10
5. Question
A government-related entity is an entity that __________.
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Question 6 of 10
6. Question
In considering each possible related party relationship, attention is directed to the legal form of the relationship and not merely to its substance.
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Question 7 of 10
7. Question
According to IAS 24, which of the following is an example of related party relationship?
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Question 8 of 10
8. Question
In the definition of a related party, an associate does not include subsidiaries of the associate and a joint venture does not include subsidiaries of the joint venture.
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Question 9 of 10
9. Question
An associate’s subsidiary and the investor that has significant influence over the associate are related to each other.
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Question 10 of 10
10. Question
Under which of the following conditions shall relationships between a parent and its subsidiaries be disclosed?
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