imported>Doug Williamson |
imported>Doug Williamson |
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| International Accounting Standard 1, dealing with presentation of financial statements.
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| | Written law created by a central law-making body (rather than by the courts). |
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| IAS 1 sets out the overall requirements for financial statements prepared under International Accounting Standards (IAS).
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| These include the concepts of going concern, the accruals basis of accounting and the distinction between current and non-current assets and liabilities.
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| | Taxation law derived from a Finance Act in the UK. |
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| IAS 1 requires a complete set of financial statements prepared under IAS to include:
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| *Statement of financial position
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| *Statement of profit or loss and other comprehensive income
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| *Statement of changes in equity
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| *Statement of cash flows
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| *Notes, comprising a summary of significant accounting policies and other explanatory information
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| IAS 1 is issued by the International Accounting Standards Board.
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| == See also == | | == See also == |
| * [[Accruals basis]] | | * [[Finance Act]] |
| * [[Assets]]
| | * [[Primary legislation]] |
| * [[Current assets]]
| | * [[Parliament]] |
| * [[Current liabilities]]
| | * [[Regulation]] |
| * [[FRS 102]]
| | * [[Secondary legislation]] |
| * [[Going concern]]
| | * [[Statutory instrument]] |
| * [[International Accounting Standards]]
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| * [[International Financial Reporting Standards]]
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| * [[Liabilities]]
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| * [[Non-current]]
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| * [[Notes]]
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| * [[Primary financial statements]]
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| * [[Primary statements]] | |
| * [[Statement of cash flows]] | |
| * [[Statement of changes in equity]] | |
| * [[Statement of financial position]] | |
| * [[Statement of profit or loss and other comprehensive income]] | |
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| == External link ==
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| [https://www.iasplus.com/en/standards/ias/ias1 IAS 1 - IAS Plus]
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| [[Category:Accounting,_tax_and_regulation]] | | [[Category:Accounting,_tax_and_regulation]] |
| [[Category:Treasury_operations_infrastructure]] | | [[Category:Compliance_and_audit]] |
