Quelpr
2 marksAccounting Standards and Conceptual Framework

CAPE Accounting Unit 1 · 2012 · Paper 2 · Question 1(c)(i)

Under International Accounting Standard 1 (IAS 1), certain considerations are required for fair presentation and compliance.

Briefly explain the term Consistency as used in IAS 1.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 1(a)(i)Copy and complete Table 1 comparing and contrasting the scope and objectives of the work of internal auditors for a public company with those of external…[8 marks]
  2. 1(a)(ii)Explain briefly the extent to which each type of auditor should be expected to detect fraud in a company.[4 marks]
  3. 1(b)Prepare journal entries with narratives to record the given transactions.[17 marks]
  4. 1(c)(ii)Briefly explain the term Materiality as used in IAS 1.[2 marks]
  5. 1(c)(iii)Briefly explain the term Going concern as used in IAS 1.[2 marks]

More practice: the rest of this paper · more Accounting Standards and Conceptual Framework questions · all CAPE Accounting Unit 1 past papers