The objective of IAS 1 Presentation of Financial Statements is to prescribe the basis for presentation of general purpose financial statements, in order to ensure comparability both with the enterprise’s own financial statements of previous periods and with the financial statements of other enterprises.

Discuss how far the objectives of IAS 1 are relevant in today’s environment. (Approx 1300 words). Support your answer with examples.

Answer rating: 100% (QA)

We have witnessed two fundamental developments in recent years On the one hand actual financial stat... View the full answer