International standard IAS1 lists seven general features relating to the presentation of financial statements. These are: (a)

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International standard IAS1 lists seven "general features" relating to the presentation of financial statements. These are:

(a) Fair presentation and compliance with international standards

(b) Going concern basis and accrual basis

(d) Offsetting

(e) Frequency of reporting

(f) Comparative information

(g) Consistency of presentation.

Explain the main requirements of IAS1 in relation to each of these considerations.

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International Financial Reporting A Practical Guide

ISBN: 978-1292200743

6th edition

Authors: Alan Melville

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Question Posted: Feb 17, 2020 10:41 AM

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International standard IAS1 lists seven general features relating to the presentation of financial statements. These are: (a)

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a Financial statements must give a true and fair view of the financial position performance and cash ...View the full answer

International Financial Reporting A Practical Guide

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