Farley And Partners

Presentation and Disclosure Standards

Covers standards that are relevant to Presentation and Disclosure requirements.

IAS 1: Presentation of Financial Statements

  • Structure and content
  • Fair presentation
  • Going concern
  • Offsetting
  • Current / non-current distinction
  • Other comprehensive income

IFRS 5: Non-current Assets Held for Sale and Discontinued Operations

  • Definition of discontinued operation, including operations disposed and held for sale
  • Presentation in the financial statements

IAS 24: Related Party Disclosures

  • Definition of a related party
  • Disclosure of related party transactions

IAS 10: Events After the Reporting Period

  • Adjusting events
  • Non adjusting events
  • Going concern
  • Dividends

IAS 8: Accounting Policies, Changes in Accounting Estimates and Errors

  • Selection of accounting policy and changes in accounting policies
  • Changes in accounting estimates
  • Prior period errors

IFRS 13: Fair value measurement

  • Scope of IFRS 13
  • Definition of fair value
  • Disclosures including fair value hierarchy
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