Page 42 - Finac1 Test 1 slides

PRESENTATION OF FINANCIAL STATEMENTS

Statement of profit or loss and other

comprehensive income (IAS 1 par .81A–.81B)

• The statement of profit or loss and other

comprehensive income presents the following in
addition to profit or loss and other comprehensive

income sections:

• (a) profit or loss;

• (b) total comprehensive income; and

• (c) comprehensive income for the period (the total profit or

loss and other comprehensive income)

• An entity must present the following items, in addition

to the profit or loss and other comprehensive income

sections, as allocation of profit or loss and other

comprehensive income for the period:

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