Question

What type of information found in supplementary schedules is required for inclusion in an annual report?

1) Inflation data
2) Management remuneration and segmental data
3) Material litigation and management photographs
4) Segmental data

Answer 1

Supplementary schedules in an annual report generally require the inclusion of management remuneration and segmental data. These components help stakeholders understand the financial health and performance distribution across different company segments. The correct option is 2.

Step-by-step explanation:

When it comes to an annual report, certain types of information are commonly included within supplementary schedules. The required information often includes management remuneration and segmental data. Management remuneration details the compensation paid to the executive team and other key management personnel. Segmental reporting, on the other hand, provides an analysis of the performance of different divisions or segments within a company.

Such information can be essential for stakeholders to understand the different sources of revenue and profit for the company. In addition to these disclosures, other elements, such as inflation data or material litigation, might be included depending on the industry, jurisdiction, or specific circumstances of the company; however, these are not typically required for all companies. Management photographs are usually not required in an annual report.