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Moscow: International Standard: accounting companies

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IAS1 : PRESENTATION OF FINANCIAL STATEMENTS


STRUCTURE AND CONTENT > Notes >


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Structure

112
The notes shall:
(a) present information about [one] the basis of preparation of the financial statements and the specific accounting [two] policies used in accordance with paragraphs 117–124;
(b) [three] disclose the information required by IFRSs that is [four] not presented elsewhere in the financial statements; and
(c) [five] provide information that is not presented [six] elsewhere in the financial statements, but is relevant to an understanding [seven] of any of them.

113
An entity shall, as far as practicable, [eight] present notes in a systematic manner. An entity shall [nine] cross-reference each item in the statements of financial position [ten] and of comprehensive income, in the separate income statement (if [one] presented), and in the statements of changes in equity and of cash flows [two] to any related information in the notes.

114
An entity normally [three] presents notes in the following order, to assist users [four] to understand the financial statements and to compare them with [five] financial statements of other entities:
(a) statement of compliance [six] with IFRSs (see paragraph 16);
(b) summary [seven] of significant accounting policies applied (see paragraph [eight] 117);
(c) supporting information for items presented in the statements [nine] of financial position and of comprehensive income, in the separate income [ten] statement (if presented), and in the statements of changes in equity [one] and of cash flows, in the order in which each statement [two] and each line item is presented; and
(d) [three] other disclosures, including:
(i) contingent liabilities (see [four] IAS 37) and unrecognised contractual commitments, and
(ii) [five] non-financial disclosures, eg the entity’s financial risk [six] management objectives and policies (see IFRS 7).

115
In [seven] some circumstances, it may be necessary [eight] or desirable to vary the order of specific items within [nine] the notes. For example, an entity may combine information [ten] on changes in fair value recognised in profit or loss [one] with information on maturities of financial instruments, although [two] the former disclosures relate to the statement of comprehensive income [three] or separate income statement (if presented) and the latter [four] relate to the statement of financial position. Nevertheless, an entity [five] retains a systematic structure for the notes as far as practicable.

116
An [six] entity may present notes providing information [seven] about the basis of preparation of the financial statements and specific [eight] accounting policies as a separate section of the financial statements. [nine]


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Feature conception:


Thus it appears, in what various ways Nature has taught man her first great lesson of love and union.

Nor did she give the same talents either in kind or in degree to all, evidently meaning that the inequality of her gifts should be ultimately equalized by a reciprocal interchange of good offices and mutual assistance.

Thus, in different countries, she has caused different commodities to be produced, that expediency itself might introduce commercial intercourse.


Desiderius Erasmus

The Complaint of Peace

   




Moscow: International Standard: accounting companies



 

International Standard: accounting companies in Moscow

Chapter: Moscow International Standard: accounting companies

Moscow: International Standard: accounting companies

 

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