Santos, Leighanne Zyril B.
January 22, 2019
BSA12KA1 #38
PAS 32: Financial Instruments – Presentation (Questions)
1. What is the title of PAS 32?
2. It is an example of a financial instrument that is a financial asset of the investor and a financial liability
of the issuer.
3. It gives the holders the right to convert their bondholdings into share capital of the issuing entity within
a specific period of time.
4. It is a financial instrument that contains both a liability and an equity element from the perspective of
the issuer.
5. The approach in accounting used for a compound financial instrument.
6. Give atleast 2 examples of financial liabilities.
7. __________ is not a financial asset because control of the underlying asset does not give rise to a
present right to receive cash or another financial asset.
8. The instrument is an __________ if the instrument includes no contractual obligation to deliver cash or
another financial asset.
9. It is a nonfinancial liability because it is imposed by law and noncontractual.
10. It is any contract that gives rise to both a financial asset of one entity and a financial liability or equity
instrument of another entity.
PAS 32: Financial Instrument – Presentation (Answers)
1. Financial Instrument – Presentation
2. Debt Security
3. Convertible Bonds
4. Compound Financial Instrument
5. Split Accounting
6. Trade Accounts Payable, Notes Payable, Loans Payable, or Bonds Payable
7. Right of Use Asset or Leased Asset
8. Equity Instrument
9. Income Tax Payable
10. Financial Instrument
PAS 33: Earnings Per Share (Questions)
1. What is the title of PAS 33?
2. __________ arises when the inclusion of the potential ordinary shares decreases the basic earnings per
share or increases the basic loss per share.
3. It is granted to employees enabling them to acquire ordinary shares of the entity at a specified price
during a definite period of time.
4. It is the amount attributable to every ordinary share outstanding during the period.
5. It is an equity instrument that is subordinate to all other classes of equity instruments.
6. What is the two presentations of earnings per share required in the computation of earnings per share?
7. Give one use of earnings per share.
8. __________ arises when the inclusion of potential ordinary shares increases basic earnings per share or
decreases basic loss per share.
9. Options and warrants are __________ if the exercise price or option price is less than the average
market price of the ordinary share.
10. It is granted to shareholders enabling them to acquire ordinary shares of the entity at a specified price
during a definite period of time.
PASS 33: Earnings per Share (Answers)
1. Earnings per Share
2. Dilution
3. Share Options
4. Earnings per Share
5. Ordinary Share
6. Basic Earnings per Share and Diluted Earnings per Share
7. Determinant of the market price of ordinary share, Measure of performance of management, and Basis
of dividend policy
8. Antidilution
9. Dilutive
10. Share Warrants
PAS 34: Interim Financial Reporting (Questions)
1. What is the title of PAS 34?
2. An entity shall apply the __________ in the interim financial statements as are applied in the annual
financial statements.
3. Expenses __________ directly with revenue are matched against revenue in those interim periods in
which the related revenue is recognized.
4. It is the preparation and presentation of financial statements for a period of less than one year.
5. Give atleast 2 component of an interim financial report.
6. It is designed to provide an explanation of significant events and transactions arising since the last
annual financial statements.
7. Preparation of interim financial reports generally requires a greater use of __________ than annual
financial reports.
8. Expenses __________ directly with revenue are recognized in interim periods as incurred or allocated
over the interim periods benefited.
9. An entity can present items of profit or loss in a __________.
10. It means that each of the headings and subtotals presented in the entity’s most recent annual financial
statements is required but there is no requirement to include greater detail unless this is specifically
required.
PAS 32: Interim Financial Reporting (Answers)
1. Interim Financial Reporting
2. Same Accounting Policies
3. Associated
4. Interim Financial Reporting
5. Condensed Statement of Financial Position, Comprehensive Income, Changes in Equity, Cash Flows
and Selected Explanatory Notes
6. Selected Explanatory Notes
7. Estimation
8. Not Associated
9. Separated Condensed Income Statement
10. Condensed
