IFR and Primary financial statements: Difference between pages
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'' | ''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== | ==See also== | ||
* [[ | * [[Entity]] | ||
* [[ | * [[Financial reporting]] | ||
* [[ | * [[Income statement]] | ||
* [[ | * [[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:Accounting,_tax_and_regulation]] | ||
[[Category: | [[Category:Compliance_and_audit]] | ||
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.
