Components of Financial Statements – The following comprise a complete set of financial statements:
- a statement of financial position,
- a statement of profit or loss and other comprehensive income, presented either:
- in a single statement that included all components of profit or loss and other comprehensive income, or
- in the form of two separate statements:
- one displaying components of profit or loss,
- immediately preceding another statement beginning with profit or loss and displaying components of other comprehensive income,
- a statement of changes in equity,
- a statement of cash flows,
- notes to the financial statements, comprising significant accounting policies and other explanatory information,
- a (third) statement of financial position as at the beginning of the preceding period where an entity restates comparative information following:
- a change in accounting policy,
- a correction of an error, or
- a reclassification of items in the financial statements, and
- comparative information in respect of the preceding period.
Components of Financial Statements Components of Financial Statements
Components of Financial Statements
a (third) statement of financial position as at the beginning of the preceding period where an entity restates comparative information following a (third) statement of financial position as at the beginning of the preceding period where an entity restates comparative information following a (third) statement of financial position as at the beginning of the preceding period where an entity restates comparative information following
a (third) statement of financial position as at the beginning of the preceding period where an entity restates comparative information following a (third) statement of financial position as at the beginning of the preceding period where an entity restates comparative information following a (third) statement of financial position as at the beginning of the preceding period where an entity restates comparative information following
