Below are dimensions of sustainability except?

a) Environment

b) Social Capital

c) Leadership and Governance

d) All of the above

Which intangible assets are subject to annual impairment testing?

a) Definite-lived intangible assets.

b) Definite-lived tangible assets.

c) Indefinite-lived intangible assets.

d) Indefinite-lived intangibles and goodwill are subject to impairment testing at least annually

What are the three major types of intangible assets?

a) Externally generated.

b) Exchanged.

c) Internally generated.

d) The three types of intangible assets are: (1) purchased, (2) acquired in a business combination, and (3) internally generated

Carbon Emission Reporting is important in the following industries:

a) Power generation

b) Heavy manufacturing

c) Oil and gas

d) All of the above

The benefits of external assurance for sustainability reporting include:

a) Enhanced credibility of sustainability disclosures

b) Better communication between entity and stakeholders

c) Reduction of risk of misstatement that could lead to controversy between entity and stakeholders

d) All of the above

Companies with superior social and environmental performance also generally out-perform peers financially over the long run

True

False

External assurance does not increase the value of sustainability disclosures and plays an increasingly important role in the sustainability reporting model.

True

False

IAS 2 does not allow the use of Last In First Out method in inventory valuation

True

False

Hedging protects from exchange rate fluctuations

True

False

The foreign currency option gives the right and obligation to trade in foreign currency.

True

False