CERTYNEX IFRS ACADEMY

Which statements about the structure of the statement of financial position are correct? More than one answer is possible.

Line items are presented in the order that the standard sets for all entities.

Additional line items, headings and subtotals are added when relevant to understanding the financial position.

The headings of line items are set by the standard and cannot be adapted by the entity.

The standard prescribes neither the order nor the format of the presentation of these line items.

The minimum list of line items is a foundation, which the entity supplements according to the nature of its items.