Primary financial statements: Difference between revisions
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''Financial reporting.'' | ''Financial reporting.'' | ||
Under International Accounting Standards (IAS) 'primary' financial statements are the main accounting statements that must be presented. | Under International Accounting Standards (IAS) 'primary' financial statements are the main external accounting statements that must be presented. | ||
These are: | These are: | ||
* Statement of financial position. | * Statement of financial position (balance sheet). | ||
* Income statement (which can be included in the statement of comprehensive income | * Income statement (profit or loss account), which can be included in the statement of comprehensive income. | ||
* Statement of comprehensive income. | * Statement of comprehensive income. | ||
* Statement of changes in equity. | * Statement of changes in equity. | ||
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The primary statements are supported by Notes to the accounts, providing additional and more detailed financial information. | The primary financial statements are supported by Notes to the external accounts, providing additional and more detailed financial information. | ||
==See also== | ==See also== | ||
* [[Annual report]] | |||
* [[Balance sheet]] | |||
* [[Cash flow statement]] | |||
* [[Entity]] | |||
* [[Financial reporting]] | |||
* [[IAS 1]] | |||
* [[Income statement]] | * [[Income statement]] | ||
* [[International Accounting Standards]] | * [[International Accounting Standards]] (IAS) | ||
* [[Notes]] | * [[Notes]] | ||
* [[Primary]] | |||
* [[Primary statements]] | |||
* [[Statement of cash flows]] | * [[Statement of cash flows]] | ||
* [[Statement of changes in equity]] | * [[Statement of changes in equity]] | ||
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
- 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
