Which of the following must be disclosed in annual report? Accounting treatment method Related party transaction Remuneration of directors All of the above
Question
Which of the following must be disclosed in annual report?
- Accounting treatment method
- Related party transaction
- Remuneration of directors
- All of the above
Solution
The correct answer is All of the above.
Explanation
In an annual report, companies are required to disclose various key pieces of information to provide transparency and ensure that stakeholders are well informed. This typically includes:
-
Accounting treatment method: The methods used for accounting policies, such as revenue recognition, must be disclosed to provide clarity on how the financial statements are prepared.
-
Related party transaction: Any transactions with related parties must be disclosed to prevent conflicts of interest and ensure that such transactions are conducted at arm's length.
-
Remuneration of directors: Information regarding the compensation and benefits provided to directors is also required to hold management accountable.
Therefore, all these elements must be included in an annual report, making "All of the above" the correct choice.
Similar Questions
Annual Report is issued by a company to its :DirectorsAuditorsShareholdersManagement
Fill in the Blank QuestionFill in the blank question.In the annual report, you want to read shareholder's letters to see if their were met each year.
Which of the following is not a function of public accounting firms?Transaction AdvisoryFinancial Planning & AnalysisAuditDue dilligence
Which of the following is not an element of back matters of business report?a.List of referencesb.Bibliographyc.Conclusiond.Appendix
Which of the following is not a basic part of report?a.Discussionb.Introductionc.Executive summeryd.Glossary
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.