IAS 1 Presentation of Financial Statements - A Closer Look
AbstractThe International Accounting Standards Committee issued the International Accounting Standard 1 Presentation of Financial Statements. The objective of IAS 1 is to prescribe the basis for presentation of general purpose financial statements (GPFS), to ensure comparability both with the entity's financial statements of previous periods and with the financial statements of other entities. The objective of GPFS is to provide information about the financial position, financial performance, and cash flows of an entity that is useful to a wide range of users in making economic decisions. This article presents a closer look of standard (objective, scope, specifications, components and disclosure requirements).
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 41617.
Date of creation: 19 May 2008
Date of revision:
Publication status: Published in The Management Accountant 43.6(2008): pp. 420-425
International Accounting Standard; Financial Statements; IASC; GPFS;
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