Primary financial statements: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add link.) |
||
Line 22: | Line 22: | ||
* [[International Accounting Standards]] | * [[International Accounting Standards]] | ||
* [[Notes]] | * [[Notes]] | ||
* [[Primary statements]] | |||
* [[Statement of cash flows]] | * [[Statement of cash flows]] | ||
* [[Statement of changes in equity]] | * [[Statement of changes in equity]] |
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.