International GAAP 2021

Chapter 3Presentation of financial statements and accounting policies

• 1 INTRODUCTION
  • 1.1 Objective and scope of IAS 1
  • 1.2 Objective and scope of IAS 8
• 2 THE PURPOSE AND COMPOSITION OF FINANCIAL STATEMENTS
  • 2.1 The purpose of financial statements
  • 2.2 Frequency of reporting and period covered
  • 2.3 The components of a complete set of financial statements
  • 2.4 Comparative information
  • 2.5 Identification of the financial statements and accompanying information
    • 2.5.1 Identification of financial statements
    • 2.5.2 Statement of compliance with IFRS
• 3 THE STRUCTURE OF FINANCIAL STATEMENTS
  • 3.1 The statement of financial position
    • 3.1.1 The distinction between current/non-current assets and liabilities
    • 3.1.2 Non-current assets and disposal groups held for sale or distribution
    • 3.1.3 Current assets
    • 3.1.4 Current liabilities
      • 3.1.4.A Requirements for periods beginning before 1 January 2023
      • 3.1.4.B Changes to IAS 1 for periods beginning on or after 1 January 2023
      • 3.1.4.C Practical illustrations of the requirements
    • 3.1.5 Information required on the face of the statement of financial position
    • 3.1.6 Information required either on the face of the statement of financial position or in the notes
    • 3.1.7 Illustrative statements of financial position
  • 3.2 The statement of comprehensive income and the statement of profit or loss
    • 3.2.1 Profit and loss and comprehensive income
    • 3.2.2 Information required on the face of the statement of profit or loss
      • 3.2.2.A Operating profit
    • 3.2.3 Classification ...