ACCA Applied Knowledge · Financial Accounting · Disclosure notes
Which of the following is a required disclosure in the notes to the financial statements relating to a company's share capital under IFRS?
Companies must disclose the number of shares authorised, issued and fully paid, and the par value per share. Market prices, individual shareholder names and five-year dividend forecasts are not required in the notes to the financial statements.
- AThe market price of each share at the reporting date
- BThe number of shares authorised, issued and fully paid, and the par value per shareCorrect
- CThe names of all individual shareholders
- DThe projected dividend for the next five years
Explanation
IAS 1 requires disclosure of the number of shares authorised, issued and fully paid, and issued but not fully paid, together with par value. Market price, shareholder names and long-term dividend forecasts are not required note disclosures.
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