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There no fixed format for the presentation of financial reports in accordance with IAS -1
A Fixed format may be found in appendix or illustration para of the IAS1.
But there may be changes in this format with respect to the circumstatnces of the company according to IAS.
- There no fixed format for the presentation of financial reports in accordance with IAS -1 ,
IAS-1 prescribe sequence of the complete set of the financial statement at the end of the period as follows;
1- Statement of financial position
2- Statement of profite / losses & comprehensive income
3- Statement of changes in equity
4- Statement of cash flows
5- Note and disclosurse, compresing a summary of significant accounting policies and other explanatory informations
In case of an entity applies an accounting policy retrospectively or makes restatement of items in its financial statements , or when it reclassifies items in its financial statements, entity should provide a statement of financial position as at the beginning of the earliest comparative period.