Question：Which of the following is not part of the definition of an asset used in the IASB Framework?
A. Control.
B. Future economic benefit.
C. Ownership.
D. Access.
The correct answer is: Ownership.
This is not required for the item to be your asset in substance.
Question：Which of the following are not common forms of off statement of financial position finance regulated by specific IAS/IFRS?
A. Leasing.
B. Factoring of debts.
C. Sale and leaseback agreements.
D. Special purpose entity subsidiaries.
The correct answer is: Factoring of debts.
Leasing is regulated by IAS 17.
Special purpose entities are covered by IAS 27.
Sale and leaseback transactions are covered by IAS 17.
There is currently no specific IAS/IFRS covering debt factoring.
，我們將會及時處理。