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Introduction. Identification of the financial statements. Statement of financial position. Statement of profit or loss and other comprehensive income. Statement of changes in equity. Statement of cash flows. Notes. TRANSITION AND EFFECTIVE DATE. WITHDRAWAL OF IAS 1 (REVISED 2003) APPENDIX. Amendments to other pronouncements.
7 Throughout the Conceptual Framework, the term ‘financial statements’ refers to general purpose financial statements. 8 Assets, liabilities, equity, income and expenses are defined in Table 4.1. They are the elements of financial statements.
Overview: Financial statements are reports or statements that provide the details of the entity’s financial information, including assets, liabilities, equities, incomes and expenses, shareholders’ contributions, cash flow, and other related information during the period of time.
4 sie 2024 · The three main types of financial statements are the balance sheet, the income statement, and the cash flow statement. These three statements together show the assets and liabilities of a...
12 kwi 2024 · IAS 1 sets out the overall requirements for financial statements, including how they should be structured, the minimum requirements for their content and overriding concepts such as going concern, the accrual basis of accounting and the current/non-current distinction.
General purpose financial statements (referred to as ‘financial statements’) are those intended to meet the needs of users who are not in a position to require an entity to prepare reports tailored to their particular information needs.
In the context of consolidated financial statements, the disclosures in respect of operating segments ( Note 5) and EPS (statement of profit or loss and OCI, and Note 10) apply only if the parent:
