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What should include a complete set of financial statements?


What should include a complete set of financial statements as per IFRS?

asked Jan 1, 2013 in IFRS 1 - First-time Adoption of International Financial Standards by anonymous
retagged Feb 16, 2013 by Vishan

1 Answer

0 votes
As per IAS 1 a complete set of F/S shall include:

1.statement of financial position
2.statement of comprehensive income
3.statement of changes in equity
4.statement of cash flows
5.Notes to accounts (ie accounting policies & other explanatory info)
answered Jan 1, 2013 by AnaY Level 2 Member (3,240 points)


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