Quiz Summary
0 of 10 Questions completed
Questions:
Information
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
Results
Results
0 of 10 Questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Categories
- IFRS 11 – Joint Arrangements 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- Current
- Review
- Answered
- Correct
- Incorrect
-
Question 1 of 10
1. Question
A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets and liabilities, relating to the arrangement.
CorrectIncorrect -
Question 2 of 10
2. Question
What statement defines a joint venture?
CorrectIncorrect -
Question 3 of 10
3. Question
Under IFRS 11, what should joint operator recognise in relation to its interest in joint operation?
CorrectIncorrect -
Question 4 of 10
4. Question
According to IFRS 11, a joint venturer shall recognise its interest in a joint venture as an __________ and shall account for it using the ___________ in accordance with applicable standards.
CorrectIncorrect -
Question 5 of 10
5. Question
According to IFRS 11, a party that participates in, but does not have joint control of, a joint venture shall account for its interest in the arrangement in accordance with __________, unless it has significant influence over the joint venture, in which case it shall account for it in accordance with __________.
CorrectIncorrect -
Question 6 of 10
6. Question
“A separately identifiable financial structure, including separate legal entities or entities recognized by statute, regardless of whether those entities have a legal personality”. What term agrees with this definition?
CorrectIncorrect -
Question 7 of 10
7. Question
Under IFRS 11, the contractual arrangement generally deals with:
CorrectIncorrect -
Question 8 of 10
8. Question
If the requirement for unanimous consent relates to decisions that give a party protective rights, that party is a party with joint control of the arrangement.
CorrectIncorrect -
Question 9 of 10
9. Question
Does IFRS 11 allow the parties that have joint control of the arrangement to make decisions, provided the absence of unanimous consent?
CorrectIncorrect -
Question 10 of 10
10. Question
Which of the following is a purpose of a joint arrangement?
CorrectIncorrect