IAS 1 and IAS 21: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Add link to IAS Plus)
 
imported>Doug Williamson
(Add link.)
 
Line 1: Line 1:
International Accounting Standard 1, dealing with presentation of financial statements.  
International Accounting Standard 21, dealing with the effects of changes in foreign exchange rates.


 
Issued by the International Accounting Standards Board.  
IAS 1 sets out the overall requirements for financial statements prepared under International Accounting Standards (IAS).
 
These include the concepts of going concern, the accruals basis of accounting and the distinction between current and non-current assets and liabilities.
 
 
IAS 1 requires a complete set of financial statements prepared under IAS to include:
 
*Statement of financial position
*Statement of profit or loss and other comprehensive income
*Statement of changes in equity
*Statement of cash flows
*Notes, comprising a summary of significant accounting policies and other explanatory information
 
 
IAS 1 is issued by the International Accounting Standards Board.  




== See also ==
== See also ==
* [[Accruals basis]]
* [[Cumulative exchange differences]]
* [[Assets]]
* [[Currency]]
* [[Current assets]]
* [[Exchange difference]]
* [[Current liabilities]]
* [[Foreign exchange]]
* [[FRS 102]]
* [[IFRIC 22]]
* [[Going concern]]
* [[International Accounting Standards]]
* [[International Financial Reporting Standards]]
* [[International Financial Reporting Standards]]
* [[Liabilities]]
*[[Monetary]]
* [[Non-current]]
*[[Monetary asset]]
* [[Notes]]
*[[Monetary items]]
* [[Primary financial statements]]
*[[Monetary liability]]
* [[Primary statements]]
*[[Non-monetary items]]
* [[Statement of cash flows]]
* [[Statement of changes in equity]]
* [[Statement of financial position]]
* [[Statement of profit or loss and other comprehensive income]]






== External link ==
== Other resources ==
[https://www.iasplus.com/en/standards/ias/ias1 IAS 1 - IAS Plus]
*[https://www.iasplus.com/en/standards/ias/ias21 IAS 21 - IAS Plus summary]
*[https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2022/issued/part-a/ias-21-the-effects-of-changes-in-foreign-exchange-rates.pdf?bypass=on IAS 21 full text]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Treasury_operations_infrastructure]]
[[Category:Manage_risks]]

Latest revision as of 00:40, 12 March 2023

International Accounting Standard 21, dealing with the effects of changes in foreign exchange rates.

Issued by the International Accounting Standards Board.


See also


Other resources

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=IAS_1&oldid=25291’