Omissions or misstatements could also influence fair presentation. Financial statements must be presented with equal prominence and clearly identified from other information. The statement of financial position (SFP), also known as the balance sheet, presents assets, liabilities, and equity at a ...
in the notes. An entity shall not describe financial statements as complying with IFRSs unless they comply with all the requirements of IFRSs. The application of IFRSs, with additional disclosure when necessary, is presumed to result in financial statements that achieve a fair presentation....
in the notes. An entity shall not describe financial statements as complying with IFRSs unless they comply with all the requirements of IFRSs. The application of IFRSs, with additional disclosure when necessary, is presumed to result in financial statements that achieve a fair presentation....
OBJECTIVE1 SCOPE2 DEFINITIONS7 FINANCIALSTATEMENTS9 Purposeoffinancialstatements9 Completesetoffinancialstatements10 Generalfeatures15 FairpresentationandcompliancewithIFRSs15 Goingconcern25 Accrualbasisofaccounting27 Materialityandaggregation29 Offsetting32 Frequencyofreporting36 ...
The financial statements must "present fairly" the financial position, financial performance and cash flows of an entity. Fair presentation requires the faithful representation of the effects of transactions, other events, and conditions in accordance with the definitions and recognition criteria for asset...
The corresponding figures for the previous period required by IAS 1 Presentation of Financial Statements (as revised in 2007) and any information in respect of earlier periods shall also be stated in terms of the measuring unit current at the end of the reporting period. For the purpose of ...
The application of IFRSs, with additional disclosure when necessary, is presumed to result in financial statements that achieve a fair presentation. [IAS 1.13] IAS 1 requires that an entity whose financial statements comply with IFRSs make an explicit and unreserved statement of such compliance in...
IFRS 5 Non current assets held for sale and discontinued Operations Part-1 Fin 19:20 IFRS 13 Fair value measurement Part-1 ACCA Financial Reporting F7 #acca #fr 54:29 IFRS 13 Fair value measurement Part-2 ACCA Financial Reporting F7 你的英语进步神奇。 10:40 IFRS 15 Revenue Part-1...
IAS 1 International Accounting Standard 1 Presentation of Financial Statements This version was issued in September 2007 and includes subsequent amendments resulting from IFRSs issued up to 30 November 2008. Its effective date is 1 January 2009. IAS 1 Presentation of Financial Statements was issued by...
Objective1 Scope2-6 Purposeoffinancialstatements7 Componentsoffinancialstatements8-10 Definitions11-12 Overallconsiderations13-41 FairPresentationandCompliancewithIFRSs13-22 GoingConcern23-24 AccrualBasisofAccounting25-26 ConsistencyofPresentation27-28 MaterialityandAggregation29-31 Offsetting32-35 Comparative...