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IFRS 14 — Regulatory Deferral Accounts quiz
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- IFRS 14 Regulatory Deferral Accounts 0%
Question 1 of 7
The objective of IFRS 14 is to specify the financial reporting requirements for regulatory deferral account balances that arise when an entity provides goods or services to customers at a price or rate that is subject to rate regulationCorrect
Question 2 of 7
In order to meet the objective of IFRS 14, an entity shall disclose:Correct
Question 3 of 7
By applying the requirements specified in IFRS 14, any amounts that are permitted or required to be recognised as assets or liabilities in accordance with other IFRSs shall be included within the amounts classified as regulatory deferral account balances.Correct
Question 4 of 7
How shall an entity present deferred tax asset (liability) as a result of recognizing regulatory deferral account balances and the related movements?Correct
Question 5 of 7
An entity that elects to apply IFRS 14 shall disclose information that enables users to assess:Correct
Question 6 of 7
An entity shall disclose the basis on which regulatory deferral account balances are __________, and how they are measured __________, including how regulatory deferral account balances are assessed for recoverability and how any impairment loss is allocated.Correct
Question 7 of 7
Which of the following terms agrees with the definition: ‘A framework for establishing the prices that can be charged to customers for goods or services and that framework is subject to oversight and/or approval by a rate regulator’?Correct