Primary financial statements: Difference between revisions
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imported>Doug Williamson (Create the page. Source: ACT Glossary of Terms) |
imported>Doug Williamson (Make 'primary' explicit.) |
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''Financial reporting.'' | ''Financial reporting.'' | ||
Under International Accounting Standards (IAS) the main accounting statements | Under International Accounting Standards (IAS) 'primary' financial statements are the main accounting statements that must be presented. | ||
These are: | These are: | ||
Revision as of 12:08, 21 May 2017
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.
- Income statement (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 statements are supported by Notes providing additional and more detailed financial information.
