requirements do not apply 5] Which of the following statements is true of the qualitative characteristics of 'understandability' in relation to information in financial statements? A] Users should be willing to study the information with reasonable diligence B] Users are expected to have expert level business knowledge C] Financial statements should exclude complex matters DJ Financial statements should be free form material error 6] In accordance with IAS 1 Presentation of Financial Statements, which one of the following items does not have to be separately presented in the statement of profit or loss and other comprehensive income? A] finance costs B] share of losses from associates C] expenses from ordinary activities D] profit attributable to non-controlling interests To accordance with IAS 1 Presentation of Financial Statements, which one of the following items