IFG and Primary financial statements: Difference between pages

Revision as of 11:01, 29 October 2020

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.

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-The former International Factors Group, whose activities were integrated into Factors Chain International (FCI) in 2016.
+''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==
-* [[Factoring]]
+* [[Entity]]
-* [[GRIF]]
+* [[Financial reporting]]
-* [[Factors Chain International]]
+* [[Income statement]]
-* [[International Chamber of Commerce]]
+* [[International Accounting Standards]]
+* [[Notes]]
+* [[Primary statements]]
+* [[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]]
+[[Category:Accounting,_tax_and_regulation]]
+[[Category:Compliance_and_audit]]