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Moscow: IAS accounting outsourcing

 Moscow: IAS accounting outsourcing





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FINANCIAL STATEMENTS > General features >

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Materiality and aggregation

An entity shall present separately each [one] material class of similar items. An entity shall [two] present separately items of a dissimilar nature or function [three] unless they are immaterial.

Financial statements result [four] from processing large numbers of transactions or other events [five] that are aggregated into classes according to their [six] nature or function. The final stage in the process of aggregation [seven] and classification is the presentation of condensed and classified data, [eight] which form line items in the financial statements. [nine] If a line item is not individually material, [ten] it is aggregated with other items [one] either in those statements or in the notes. An item that [two] is not sufficiently material to warrant separate [three] presentation in those statements may warrant separate [four] presentation in the notes.

An entity need not provide [five] a specific disclosure required by an IFRS if the information is [six] not material.

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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: IAS accounting outsourcing


IAS accounting outsourcing in Moscow

Chapter: Moscow IAS accounting outsourcing

Moscow: IAS accounting outsourcing


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