Primary financial statements: Difference between revisions

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


These are:
These are:
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==See also==
==See also==
* [[Entity]]
* [[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.


See also