European Union and Primary financial statements: Difference between pages

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(EU).  
''Financial reporting.''


An economic and political union currently consisting of 27 European member states.
Under International Accounting Standards (IAS) 'primary' financial statements are the main external accounting statements that must be presented.  


The current members are: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia,  Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.


These are:


====Areas of work====
* Statement of financial position (balance sheet).
The three areas which form the union are:
* 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 European Community
*Common Foreign and Security Policy
*Police and Judicial co-operation in Criminal Matters


The primary financial statements are supported by Notes to the external accounts, providing additional and more detailed financial information.


====EU law====
The legislature of the EU includes the European Parliament, the Council of the European Union and the European Commission. 


The EU's judicial bodies include the Court of Justice of the European Union (CJEU) and the European Court of Justice (ECJ) which includes the General Court and the Court of Auditors.
==See also==
* [[Annual report]]
* [[Balance sheet]]
* [[Cash flow statement]]
* [[Entity]]
* [[Financial reporting]]
* [[IAS 1]]
* [[Income statement]]
* [[International Accounting Standards]] (IAS)
* [[Notes]]
* [[Primary]]
* [[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]]
====Brexit====
[[Category:Compliance_and_audit]]
The UK left the EU on 31 January 2020.
 
However, the UK continued to be subject to EU rules and remain a member of the European Single market and Customs union during the period ended 31 December 2020.
 
 
== See also ==
* [[Article 50]]
* [[Brexit]]
* [[Brexit transition period]]
* [[Brussels]]
* [[BUL]]
* [[CEBR]]
* [[Council of the European Union]]
* [[Court of Auditors]]
* [[Court of Justice of the European Union]]
* [[Customs union]]
* [[Direct effect]]
* [[Directive]]
* [[Economic and Financial Affairs Council]]
* [[EMIR]]
* [[EU 27]]
* [[euro zone]]
* [[European Central Bank]]
* [[European Commission]]
* [[European Community ]]
* [[European Court of Justice]]
* [[European Council]]
* [[European Economic and Monetary Union]]
* [[European Economic Area]]
* [[European Investment Bank]]
* [[European Parliament]]
* [[General Court]]
* [[Member state]]
* [[NATO]]
* [[Official Journal of the European Union]]
* [[Payment Services Directive]]
* [[Regulation]]
* [[Retained EU law]]
* [[Schengen Area]]
* [[Single Market]]
* [[UK]]
__NOTOC__
 
[[Category:Context_of_treasury]]

Latest revision as of 15:43, 5 April 2022

Financial reporting.

Under International Accounting Standards (IAS) 'primary' financial statements are the main external 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 external accounts, providing additional and more detailed financial information.


See also

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