IAS 1 Archives - Page 2 of 2 - CPDbox

Current or Non-Current?

by Silvia

Most balance sheets present individual items in distinction to current and non-current (except for banks and similar institutions). This seems so basic and obvious that most of us do not really think about classifying individual assets and liabilities as current and non-current. We do it…

Current Assets, Financial Instruments, Financial Statements, Non-current Assets 109

IFRS for Banks and Financial Institutions

by Silvia

If you work for a bank or any other financial institution, then you are very well aware of the fact that IFRS is a little bit different there. OK, not quite like that: IFRS is still the same, just the way how you use it…

Financial Instruments, Financial Statements 55

2 Steps to Distinguish Other Comprehensive Income from Profit or Loss and Changes in Equity

by Silvia

Update 2023 – please scroll below to download 1-page infographic summing this all up. Totally free. Some time ago, standard IAS 1 Presentation of Financial Statements significantly changed and introduced the statement of other comprehensive income. And then it began: lots of confusion, frustration and…

Financial Statements 131

IAS 1 Presentation of Financial Statements: Summary

by Silvia

IAS 1 Presentation of Financial Statements represents a basis of the whole IFRS reporting, as it sets overall requirements for the presentation of financial statements, guidelines for their structure and minimum requirements for their content. Financial Statements Purpose of the financial statements is to provide information about…

Financial Statements, IFRS Videos 43