Information about accounting policies adopted in the preparation of financial statement isincluded in the:

A. Mission statement

B. Notes to the Financial Statements

C. Statement of Cash Flow

D. Statement of Changes in Equity

Financial statements include the followings EXCEPT:

A. Director's Report

B. Statement of Profit or Loss and Other Comprehensive Income

C. Statement of Financial Position

D. Notes to the financial statements

Company directors are required to include in the annual report the company's and its subsidiaries financial statements as mandatorily required in the:

A. Section 169 (5) Company Act 1965

B. International Financial Reporting Standards (IFRS)

C. Income Tax Act 1967

D. Bursa Malaysia Listing Requirement

The opinion given on the sufficiency of financial records kept by the company in accordance to the stated act and compliance with the approved accounting standards can be found in which of the following report?

A. Director's Report

B. Audit Committee's Report

C.Chairman's Statement

D. Auditor's Report

An annual report contains a great many statements and reports. Which of the following statements/reports is NOTrequired either by statute or by accounting standards?

A. Financial highlights

B. Income statement

C. Operating and financial review

D. Chairman statement

An annual report contains a great many statements and reports. Which one of the following statements/reports is not covered either by statute or by accounting standards?

A. Periodic summary

B. Cash flow statement

C. Auditors' report

D. Directors' report

Assume that you want to determine the amount of gross profit for a company. Which of the following financial statements is the BEST source of this information?

A. Statement of Retained Earnings

B. Statement of Stockholders' Equity

C. Statement of Cash Flows

D. Income Statement

______________ begins with the overall company's performance followed by current year's financial performance.

A. Chairman's statement

B. Corporate Information and structure

C. Important financial information

D. Statement on corporate governance

The Company Act 2016 requires the financial statements must be __________ before being presented in the annual general meeting.

A. verified

B. audited

C.reviewed

D. approved