CONCEPTUAL

FRAMEWORK AND
ACCOUNTING STAN-
DARDS
 PAS 1
Presentation of Financial Statements

Learning Objectives:
1. Enumerate and describe the general features of financial statement presentation
2. Enumerate and describe the components of a complete set of financial statements.
3. State the acceptable methods of presenting items of income and expenses.
4. Differentiate between statement of profit or loss and other comprehensive income and the statement of changes in equity.
5. State the relationship of the notes with the other components of a complete set of financial statements.
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