IPK COLLEGE

1664, JALAN KULIM, 14020 BUKIT MERTAJAM, PENANG

TEL : 012-5203212 / 0125113212 / 04-5512588
www.ipk.edu.my

___________________________________________________________________________________________________________________

CHAPTER 8: PRESENTATION AND DISCLOSURE

The purpose of IAS 1 (revised) is to ensure greater clarity and understandability of financial
statements.

Financial statements will present to the users of accounts:

๏ Statement of financial position

๏ Statement of profit or loss and other comprehensive income
๏ Statement of changes in equity
๏ Statement of cash flows
๏ Notes to the accounts (accounting policies and explanations)
๏ Comparatives

Financial statements should provide a fair presentation of the results, which is achieved by
compliance with IFRSs.

Additionally, the entity should also disclose the following to make the financial statements
more understandable:
๏ The name of the reporting entity
๏ Whether the financial statements are the individual or group financial statements
๏ The reporting date and the period covered by the financial statements
๏ The presentation currency
๏ The level of rounding used in presenting the amounts within the financial statements

Subject: Financial Accounting and Reporting IV (BBAA2043) Page 1 of 10

Prepared by N.Thacharyane
Email : yane@ipk.edu.my
 IPK COLLEGE
1664, JALAN KULIM, 14020 BUKIT MERTAJAM, PENANG
TEL : 012-5203212 / 0125113212 / 04-5512588
www.ipk.edu.my

___________________________________________________________________________________________________________________

Statement of financial position as at [date]

Subject: Financial Accounting and Reporting IV (BBAA2043) Page 2 of 10

Prepared by N.Thacharyane
Email : yane@ipk.edu.my
 IPK COLLEGE
1664, JALAN KULIM, 14020 BUKIT MERTAJAM, PENANG
TEL : 012-5203212 / 0125113212 / 04-5512588
www.ipk.edu.my

___________________________________________________________________________________________________________________

Statement of profit and loss and other comprehensive income for the year ended [date]

Subject: Financial Accounting and Reporting IV (BBAA2043) Page 3 of 10

Prepared by N.Thacharyane
Email : yane@ipk.edu.my
 IPK COLLEGE
1664, JALAN KULIM, 14020 BUKIT MERTAJAM, PENANG
TEL : 012-5203212 / 0125113212 / 04-5512588
www.ipk.edu.my

___________________________________________________________________________________________________________________

Subject: Financial Accounting and Reporting IV (BBAA2043) Page 4 of 10

Prepared by N.Thacharyane
Email : yane@ipk.edu.my
 IPK COLLEGE
1664, JALAN KULIM, 14020 BUKIT MERTAJAM, PENANG
TEL : 012-5203212 / 0125113212 / 04-5512588
www.ipk.edu.my

___________________________________________________________________________________________________________________

Statement of changes in equity for the year ended [date]

Subject: Financial Accounting and Reporting IV (BBAA2043) Page 5 of 10

Prepared by N.Thacharyane
Email : yane@ipk.edu.my
 IPK COLLEGE
1664, JALAN KULIM, 14020 BUKIT MERTAJAM, PENANG
TEL : 012-5203212 / 0125113212 / 04-5512588
www.ipk.edu.my

___________________________________________________________________________________________________________________

Subject: Financial Accounting and Reporting IV (BBAA2043) Page 6 of 10

Prepared by N.Thacharyane
Email : yane@ipk.edu.my
 IPK COLLEGE
1664, JALAN KULIM, 14020 BUKIT MERTAJAM, PENANG
TEL : 012-5203212 / 0125113212 / 04-5512588
www.ipk.edu.my

___________________________________________________________________________________________________________________

Statement of cash flows for the year ended [date]

Subject: Financial Accounting and Reporting IV (BBAA2043) Page 7 of 10

Prepared by N.Thacharyane
Email : yane@ipk.edu.my
 IPK COLLEGE
1664, JALAN KULIM, 14020 BUKIT MERTAJAM, PENANG
TEL : 012-5203212 / 0125113212 / 04-5512588
www.ipk.edu.my

___________________________________________________________________________________________________________________

Subject: Financial Accounting and Reporting IV (BBAA2043) Page 8 of 10

Prepared by N.Thacharyane
Email : yane@ipk.edu.my
 IPK COLLEGE
1664, JALAN KULIM, 14020 BUKIT MERTAJAM, PENANG
TEL : 012-5203212 / 0125113212 / 04-5512588
www.ipk.edu.my

___________________________________________________________________________________________________________________

4. Approach
4.1. Read the requirement, noting the year-end date, and allocate the timings

4.2. Statement of cash flow headings

‣ Operating
‣ Investing
‣ Financing
‣ Cash and cash equivalents
‣ Workings

4.3. Cash and cash equivalents (b/f, c/f and movement)

4.4. Statement of profit or loss

‣ PBT “Look up”
‣ Finance costs (interest paid)
‣ Investment income (dividends received) “Look down”
‣ Tax (tax paid)
‣ Profit for the year (dividend paid)

Subject: Financial Accounting and Reporting IV (BBAA2043) Page 9 of 10

Prepared by N.Thacharyane
Email : yane@ipk.edu.my
 IPK COLLEGE
1664, JALAN KULIM, 14020 BUKIT MERTAJAM, PENANG
TEL : 012-5203212 / 0125113212 / 04-5512588
www.ipk.edu.my

___________________________________________________________________________________________________________________

4.5. Statement of financial position

‣ Working capital (inventory/receivables/payables)
‣ Borrowings
‣ Share capital and share premium

4.6. Additional information

‣ Cash inflow/outflow (sale of PPE)
‣ Non-cash items (depreciation)

4.7. Complete the workings and statement of cash flows in the time available

Subject: Financial Accounting and Reporting IV (BBAA2043) Page 10 of 10

Prepared by N.Thacharyane
Email : yane@ipk.edu.my