Please mention, the general features of the financial statements?

Question

SHAIKH MOHAMMED BASHEER AHMED SHAIKH · Answer

As per IAS -1, General Features of Financial Statements are:

1. Fair presentation and compliance with IFRS

2. Going Concern

3. Accrual basis of Accounting

4. Materiality and Aggregation

5. Offsetting

6. Frequency of reporting

7. Comparative Information

8. Consistency of presentation.

Walied EL-Lakany · Answer

I think that the the most important characteristic the financial statements Included is disclosure of financial statements