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IAS 1 Presentation of Financial Statements
IAS 1 Presentation of Financial Statements
IAS 1 Presentation of Financial Statements
Factors such as
Current and expected profitability
Access to finance
Debt repayment
Loss of key customers, suppliers or personnel
Competition and market conditions
Effects of the credit crunch
ACCRUAL BASIS OF ACCOUNTING
Prepare FS on accrual basis except for cash
flow information
Inventories
recoverable amount
Restructuring costs of activities
Disposal of investments
Discontinued operations
Litigation settlements
FACE OF PROFIT OR LOSS OR IN NOTES: ANALYSIS
OF EXPENSES BY NATURE OR FUNCTION
Revenue Revenue
Other income
Cost of sales
Changes in inventories
Gross profit
of finished goods and
work in progress Other income
Raw materials and Distribution costs
consumables
Administrative
Employee benefits
expense expenses
Other expenses Other expenses
Country of incorporation
Nature of operations
Principal activities