Primary financial statements: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Add link.) |
||
| Line 18: | Line 18: | ||
==See also== | ==See also== | ||
* [[Entity]] | * [[Entity]] | ||
* [[Financial reporting]] | |||
* [[Income statement]] | * [[Income statement]] | ||
* [[International Accounting Standards]] | * [[International Accounting Standards]] | ||
Revision as of 15:57, 5 May 2019
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 financial statements are supported by Notes to the accounts, providing additional and more detailed financial information.
