Primary financial statements: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Make 'primary' explicit.) |
imported>Doug Williamson (Make 'accounts' explicit.) |
||
| Line 12: | Line 12: | ||
The primary statements are supported by Notes providing additional and more detailed financial information. | The primary statements are supported by Notes to the accounts, providing additional and more detailed financial information. | ||
Revision as of 12:10, 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 to the accounts, providing additional and more detailed financial information.
