Asked by Tristan Gebbia on Jun 24, 2024

verifed

Verified

The information contained within Appendix B of AASB 3/IFRS 3 in relation to disclosure:

A) is not mandatory, but contains optional additional disclosures.
B) is an integral part of AASB 3/IFRS 3.
C) contains prescribed presentation formats for disclosure of business combinations.
D) is complementary to the main disclosure requirements within the body of AASB 3/IFRS 3.

Appendix B

Generally, this term would refer to additional supporting information found at the end of a document, book, or publication, but without a specific context, it is too broad for a unique definition.

Disclosure

The action of making new or secret information known.

AASB 3

An accounting standard detailing the requirements for the accounting of business combinations.

  • Comprehend the disclosure requirements as per AASB 3/IFRS 3 and the relevance of Appendix B.
verifed

Verified Answer

NE
Naxish EhtashamJun 26, 2024
Final Answer :
B
Explanation :
Appendix B of AASB 3/IFRS 3 is considered an integral part of the standard, providing clarification and additional guidance on how to apply the main principles of the standard.