features of IFRS IAS 1 Presentation of financial statements

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Dipankar asked almost 2 years ago

What are the features of IFRS IAS 1 Presentation of financial statements ?

    0       0 Answer Now Comment Report
1 Answers
Important Note – Preparing for IFRS?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 vinod saini answered almost 2 years ago

IAS 1 also elaborates on the following features of the financial statements:

  • fairly presented and compliant with IFRS.
  • prepared on a going concern basis.
  • prepared using the accrual basis of accounting.
  • has material classes presented separately.
  • does not offset assets and liabilities.
  • prepared at least annually.
  • includes comparison with previous periods.
  • presented consistently across periods.

For more details you can view   here.

    0       0 Comment Report
Get Notifications
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.