• Register
Search Questions / Answers

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers. Although you need not be a member to ask questions or provide answers, we invite you to register an account and be a member of our community for mutual help. You can register with your email or with facebook login in few seconds

Get AccountantAnswer App


Is it required to provide notes to the balance sheet items as per IFRS/IAS?
in IAS 34 - Interim Financial Reporting by
retagged by

2 Answers

0 votes
Best answer
The minimum components of an interim financial report should be as follows as per IAS 34.8

-a condensed balance sheet (statement of financial position)
-either (a) a condensed statement of comprehensive income or (b) a condensed statement of comprehensive income and a condensed income statement
-a condensed statement of changes in equity
-a condensed statement of cash flows
-selected explanatory notes

Balance sheet notes are therefore not compulsory but optional at your judgement.
0 votes
Balance sheet notes not required