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IAS-1 allows to disclose the result of the operations of extraordinary items in the income statement. . True or False?

Tax Accounting IAS IFRS Finance
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Question added by Rashad Moursi , Finance Director & Business Development, International Business Transformer Owners Repr. - Hotels , Investment and financial
Date Posted: 2014/05/22
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Kamran Manzoor
by Kamran Manzoor , Asst Manager Finance , Celeros Networks (Pvt) Ltd

Yes it is true... becuaseExtraordinary Items: Gains or losses included in a company's financial statements, which are infrequent and unusual in nature. These are usually explained further in the "notes to the financial statements."

 

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