Page 10 - Finac1 Test 1 slides - 3. Presentation of Financial Statements

PRESENTATION OF FINANCIAL STATEMENTS

Financial statements structure and

content

• A complete set of financial statements comprises

of:

• Statement of financial position

• Statement of profit or loss and other comprehensive

income

• Expenses by nature or by function

• Statement of changes in equity

• Statement of cash flows

• Notes, comprising a summary of significant accounting

policies and other explanatory information

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