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q.. IAS 1 presentation of financial statements requires certain items to be presented on the face of the statement of profit or loss for the year.
which 3 of the following must be disclosed on the face of the statement of profit or loss for the year?1)revenue
2)closing inventory
3)finance costs
4)dividends paid
5)tax expense
6)dep charge for the yearYou must have an answer in the same book in which you found the question, and so instead of just asking me for an answer you should ask about whatever it is in the answer that you are not clear about and then I will help you.
(If you were given the question as a test, then we certainly do not do your homework for you, but if you say what you think the answer is then I will tell you if you are correct 🙂 )Items 1, 3, and 5 will appear on the face of the SOPL. Item 4 does not affect the SOPL.
Items 2 and 6 will appear as notes to the SOPL.All of this is covered in my free lectures. The lectures are a complete free course for paper F3 and cover everything needed to be able to pass the exam well.
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