Join sustainability reporting dots

What standard specifically focuses on climate-related disclosures?

IAS 1

IFRS S2

IFRS S1

IAS 37

According to IAS 37, how should a provision be recorded in the financial statements?

As a liability in the statement of financial position

Not recorded

As a disclosure note only

As an asset in the statement of financial position

Which, if any, of the following statements are true? Statement 1, the commitment to greenhouse gas emissions reductions was considered in the light of IAS 37, or statement 2, no new standard-setting is proposed in respect of climate-related commitments

Both statements

Neither statement

Statement 2 only

Statement 1 only

Which of these is NOT a required element for a provision under IAS 37?

Present obligation from a past event

Legal obligation from a past event

Reliable estimate can be made

Probable outflow of resources

What other issue is the IASB tackling in relation to climate-related uncertainties?

Developing more specific examples

Altering existing IFRS Accounting Standards

Issuing a new IFRS Sustainability Standard

Issuing a new IFRS Accounting Standard

What is the next stage in the climate-related uncertainties work?

Releasing an exposure draft

Preparing a discussion paper

Adjusting IFRS Accounting Standards

Conducting research

What is the resultant change to IAS 37 in relation to the climate commitment discussion?

No change to the standard

Additional paragraphs will be included

The standard will be replaced

An additional illustrative example will be included

Which of these statements, if any, is true? Statement 1, a commitment to reduce emissions does not result in a present obligation from past events, or statement 2, a commitment to reduce emissions would not result in a provision being required

Statement 2 only is true

Statement 1 only is true

Neither statement is true

Both statements are true

Which of the following is the IASB looking to produce additional examples on in relation to climate-related uncertainties?

Judgments

All of the other answers

Disaggregated information

Impairment

Which, if any, of the following statements is correct? Statement 1, a commitment to offset emissions will result in a provision when those emissions are made, or statement 2, a commitment to offset emissions will result in a provision when the announcement is made

Both statements are correct

Neither statement is correct

Statement 1 only is correct

Statement 2 only is correct

Join sustainability reporting dots

What standard specifically focuses on climate-related disclosures?

According to IAS 37, how should a provision be recorded in the financial statements?

Which, if any, of the following statements are true? Statement 1, the commitment to greenhouse gas emissions reductions was considered in the light of IAS 37, or statement 2, no new standard-setting is proposed in respect of climate-related commitments

Which of these is NOT a required element for a provision under IAS 37?

What other issue is the IASB tackling in relation to climate-related uncertainties?

What is the next stage in the climate-related uncertainties work?

What is the resultant change to IAS 37 in relation to the climate commitment discussion?

Which of these statements, if any, is true? Statement 1, a commitment to reduce emissions does not result in a present obligation from past events, or statement 2, a commitment to reduce emissions would not result in a provision being required

Which of the following is the IASB looking to produce additional examples on in relation to climate-related uncertainties?

Which, if any, of the following statements is correct? Statement 1, a commitment to offset emissions will result in a provision when those emissions are made, or statement 2, a commitment to offset emissions will result in a provision when the announcement is made

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