Post by account_disabled on Feb 13, 2024 8:55:04 GMT
The required disclosures accounting policies will be made there. and any other that is relevant to inform users so much so that it is placed at the same level as the other states. It should be noted that regarding the income statement a single statement of comprehensive income can be presented made up of the items of recognized income and expenses and the items of other comprehensive income or an income statement and a statement can be presented. of comprehensive income separately this will depend on the entitys accounting policy.
Now if in the period the only changes in equity come from profits and losses payment of dividends corrections of errors and changes in accounting policies the standard allows presenting a statement of income and accumulated Dominican Republic Email List profits that is adding to the income statement these items according to section and not present the statement of changes in equity. The financial statements that are prepared according to the IFRS for SMEs must be presented comparatively with respect to the previous year for all the amounts that are part of the financial statements of the current period to be presented it must also be taken into account.
That it is required to present by separate each class of similar items that are significant and great care must also be taken with omissions or inaccuracies in the items as they can influence decisionmaking. Regarding the identification of the financial statements we must have Entity name Whether they are from the individual entity or a group of entities The presentation currency When the financial statements are presented there must be uniformity as well as evaluating the entitys ability to continue operating. This is what the principle of going concern is based on. An entity must present at least annually a complete set of financial statements. Financial statements. Managers will always be linked to financial statements since they constitute an important.
Now if in the period the only changes in equity come from profits and losses payment of dividends corrections of errors and changes in accounting policies the standard allows presenting a statement of income and accumulated Dominican Republic Email List profits that is adding to the income statement these items according to section and not present the statement of changes in equity. The financial statements that are prepared according to the IFRS for SMEs must be presented comparatively with respect to the previous year for all the amounts that are part of the financial statements of the current period to be presented it must also be taken into account.
That it is required to present by separate each class of similar items that are significant and great care must also be taken with omissions or inaccuracies in the items as they can influence decisionmaking. Regarding the identification of the financial statements we must have Entity name Whether they are from the individual entity or a group of entities The presentation currency When the financial statements are presented there must be uniformity as well as evaluating the entitys ability to continue operating. This is what the principle of going concern is based on. An entity must present at least annually a complete set of financial statements. Financial statements. Managers will always be linked to financial statements since they constitute an important.