Primary financial statements

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.

See also

• Entity
• Income statement
• International Accounting Standards
• Notes
• Statement of cash flows
• Statement of changes in equity
• Statement of comprehensive income
• Statement of financial position
• Statement of profit or loss and other comprehensive income