Nominal value and Primary financial statements: Difference between pages

Revision as of 13:02, 21 May 2017

Financial reporting

Under International Accounting Standards (IAS) 'primary' financial statements are the main accounting statements that must be presented.

These are:

Statement of financial position (balance sheet).
Income statement (profit or loss account), which can be included in the statement of comprehensive income.
Statement of comprehensive income.
Statement of changes in equity.
Statement of cash flows.

The primary statements are supported by Notes to the accounts, providing additional and more detailed financial information.

@@ Line 1: / Line 1: @@
-.
+''Financial reporting''
-Par value.
+Under International Accounting Standards (IAS) 'primary' financial statements are the main accounting statements that must be presented.
+These are:
-.
+* Statement of financial position (balance sheet).
+* Income statement (profit or loss account), which can be included in the statement of comprehensive income.
+* Statement of comprehensive income.
+* Statement of changes in equity.
+* Statement of cash flows.
-A financial amount or value used as an input for the calculation for another financial amount.
-For example, the principal value of a bond used for the calculation of fixed interest coupons.
+The primary statements are supported by Notes to the accounts, providing additional and more detailed financial information.
-== See also ==
+==See also==
-* [[Coupon]]
+* [[Income statement]]
-* [[Issued share capital]]
+* [[International Accounting Standards]]
-* [[Notional principal]]
+* [[Notes]]
-* [[Par]]
+* [[Statement of cash flows]]
-* [[Share capital]]
+* [[Statement of changes in equity]]
+* [[Statement of comprehensive income]]
+* [[Statement of financial position]]
+* [[Statement of profit or loss and other comprehensive income]]
+[[Category:Accounting,_tax_and_regulation]]
+[[Category:Compliance_and_audit]]