PRESENTATION OF FINANCIAL STATEMENTS

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PRESENTATION OF FINANCIAL STATEMENTS by Mind Map: PRESENTATION OF FINANCIAL STATEMENTS

1. Objectives

1.1. Basis of Presentation

1.1.1. Comparability

1.2. Set Overall Requirements

1.2.1. Guidelines for Structure

1.2.2. Minimum Requirements

2. Scope

2.1. Preparation and Presentation

2.2. Recognition, Measurement, and Disclosure

2.3. Applicable to All Entities

2.4. Usage of Terminology

2.5. Adaptation of IAS 32

3. Financial Statements

3.1. General Purpose of Financial Statements

3.1.1. (Primary) Provide Information about

3.1.1.1. Financial Position

3.1.1.2. Financial Performance

3.1.1.3. Cash Flows

3.1.2. (Secondary) Show Results of Management’s Stewardship

3.2. Complete Set of Financial Statements

3.2.1. Statement of Financial Position

3.2.2. Statement of Profit or Loss and Other Comprehensive Income

3.2.3. Statement of Changes in Equity

3.2.4. Statement of Cash Flows

3.2.5. Notes

3.2.6. Additional Statement of Financial Position

3.3. General Features of Financial Statements

3.3.1. Fair Presentation and Compliance with PFRSs

3.3.2. Going Concern

3.3.3. Accrual Basis of Accounting

3.3.4. Materiality and Aggregation

3.3.5. Consistency of Presentation

3.3.6. Frequency of Reporting

3.3.7. Offsetting

3.3.8. Comparative Information

4. Structure and Content

4.1. Statement of Financial Position

4.1.1. Financial Condition

4.1.1.1. Assets

4.1.1.2. Liability

4.1.1.3. Owner's Equity

4.1.2. Presentation

4.1.2.1. Classified

4.1.2.1.1. Current

4.1.2.1.2. Non-current

4.1.2.2. Unclassified

4.2. Statement of Profit or Loss

4.2.1. Income

4.2.2. Expense

4.2.2.1. Nature of Expense Method

4.2.2.2. Function of Expense Method

4.2.3. Presentation

4.2.3.1. Single

4.2.3.2. Two Statements

4.3. Other Comprehensive Income

4.3.1. Reclassification Adjustments

4.4. Statement of Changes in Equity

4.4.1. Effects of Change in Accounting Policy

4.4.2. Total Comprehensive Income

4.4.3. Reconciliation of Changes

4.5. Statement of Cash Flows

4.6. Notes

4.6.1. Systematic Manner