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I agree with Mr. answer VENKITARAMAN
IAS1 Presentation of Financial Statements sets out the overall requirements for financial statements, including how they should be structured, the minimum requirements for their content and overriding concepts such as going concern, the accrual basis of accounting and the current / non-current distinction. The standard requires a complete set of financial statements to comprise a statement of financial position, a statement of profit or loss and other comprehensive income, a statement of changes in equity and a statement of cash flows.IAS1 was reissued in September2007 and applies to annual periods beginning on or after1 January2009.
TRUE
A. True
