Presentation of Financial Statements

Lidija Romic

doi:doi:10.11648/j.ijefm.20130101.11

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Presentation of Financial Statements

Lidija Romic

Published in International Journal of Economics, Finance and Management Sciences (Volume 1, Issue 1)

Published: 20 February 2013

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Abstract

The main purpose of this paper is to explain the requirements of international standard IAS1 Presentation of Financial Statements. The current version of this standard was issued in September 2007 and has effect for accounting periods beginning on or after January 2009. The objectice of IAS1 is to specify the overall structure and content of general purpose financial statements and so ensure that an entity’s financial statements are comparable with those of previous periods and with those of other entities. The stan-dard sets out: The general features of financial statements Guidelines with regard to their structure, and Minimum requirements for their content. IAS1 is of general application and does not deal with specific transactions or events. These are dealt with in order international standards. This paper also outlines the main requirements of international standard IAS34 Interim Financial reporting.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 1, Issue 1)
DOI	10.11648/j.ijefm.20130101.11
Page(s)	1-8
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2013. Published by Science Publishing Group

Keywords

Financial Statements, Income Statement, Cash Flow

References

[1]	Alan Melville, International Financial reporting, A Practical Gide, England 2009.
[2]	Presentation of Financial Statements Standard IAS 1, International Accounting Standards Board. Accessed 24 June 2007.
[3]	www.svtuition.org/2011/08/corporate-financial-reporting.htm.
[4]	The Framework for the Preparation and Presentation of Financial Statements" International Accounting Standards Board. Accessed 24 June 2007.
[5]	Jaclyne Badal and Phred Dvorak, Sarabanes/Oxley Gains Adherents, The Wall Street Journal 2006, p B3.
[6]	Charles H. Gibson and Nicholas Schoeder, How 21 Companies handled their summary annual reports, financial executive December 2008.
[7]	William W. May ed. Ethics in the accounting curriculum, cases Sarasota,2008.p 1.
[8]	Regulators Investigate peat on its Auditing, The New York Times 2008 p. D1.
[9]	Ernst Young Settles Negligence Charge, Business Insurance, 2008. p 2.
[10]	Ronald Grover, Curtains for Tinsel town Accounting, Business week 2008, p 2.
[11]	Dennis E Peavey and Stuart K. Webster, Is GAAP the gap to International markets? Management accounting 2008.
[12]	John Hagarty, Why we can’t let GATT, Journal of Accountancy 2008 p 74.
[13]	Denis Beresford, Internalization of Accounting Standards, Accounting Horizons, 2008.p 10.

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APA Style

Lidija Romic. (2013). Presentation of Financial Statements. International Journal of Economics, Finance and Management Sciences, 1(1), 1-8. https://doi.org/10.11648/j.ijefm.20130101.11

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ACS Style

Lidija Romic. Presentation of Financial Statements. Int. J. Econ. Finance Manag. Sci. 2013, 1(1), 1-8. doi: 10.11648/j.ijefm.20130101.11

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AMA Style

Lidija Romic. Presentation of Financial Statements. Int J Econ Finance Manag Sci. 2013;1(1):1-8. doi: 10.11648/j.ijefm.20130101.11

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@article{10.11648/j.ijefm.20130101.11,
  author = {Lidija Romic},
  title = {Presentation of Financial Statements},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {1},
  number = {1},
  pages = {1-8},
  doi = {10.11648/j.ijefm.20130101.11},
  url = {https://doi.org/10.11648/j.ijefm.20130101.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20130101.11},
  abstract = {The main purpose of this paper is to explain the requirements of international standard IAS1 Presentation of Financial Statements. The current version of this standard was issued in September 2007 and has effect for accounting periods beginning on or after January 2009. The objectice of IAS1 is to specify the overall structure and content of general purpose financial statements and so ensure that an entity’s financial statements are comparable with those of previous periods and with those of other entities. The stan-dard sets out: The general features of financial statements Guidelines with regard to their structure, and Minimum requirements for their content. IAS1 is of general application and does not deal with specific transactions or events. These are dealt with in order international standards. This paper also outlines the main requirements of international standard IAS34 Interim Financial reporting.},
 year = {2013}
}

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TY  - JOUR
T1  - Presentation of Financial Statements
AU  - Lidija Romic
Y1  - 2013/02/20
PY  - 2013
N1  - https://doi.org/10.11648/j.ijefm.20130101.11
DO  - 10.11648/j.ijefm.20130101.11
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 1
EP  - 8
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20130101.11
AB  - The main purpose of this paper is to explain the requirements of international standard IAS1 Presentation of Financial Statements. The current version of this standard was issued in September 2007 and has effect for accounting periods beginning on or after January 2009. The objectice of IAS1 is to specify the overall structure and content of general purpose financial statements and so ensure that an entity’s financial statements are comparable with those of previous periods and with those of other entities. The stan-dard sets out: The general features of financial statements Guidelines with regard to their structure, and Minimum requirements for their content. IAS1 is of general application and does not deal with specific transactions or events. These are dealt with in order international standards. This paper also outlines the main requirements of international standard IAS34 Interim Financial reporting.
VL  - 1
IS  - 1
ER  -

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Author Information

Lidija Romic

Faculty of economic sciences, Subotica, Serbia

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APA Style

Lidija Romic. (2013). Presentation of Financial Statements. International Journal of Economics, Finance and Management Sciences, 1(1), 1-8. https://doi.org/10.11648/j.ijefm.20130101.11

Copy | Download

ACS Style

Lidija Romic. Presentation of Financial Statements. Int. J. Econ. Finance Manag. Sci. 2013, 1(1), 1-8. doi: 10.11648/j.ijefm.20130101.11

Copy | Download

AMA Style

Lidija Romic. Presentation of Financial Statements. Int J Econ Finance Manag Sci. 2013;1(1):1-8. doi: 10.11648/j.ijefm.20130101.11

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@article{10.11648/j.ijefm.20130101.11,
  author = {Lidija Romic},
  title = {Presentation of Financial Statements},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {1},
  number = {1},
  pages = {1-8},
  doi = {10.11648/j.ijefm.20130101.11},
  url = {https://doi.org/10.11648/j.ijefm.20130101.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20130101.11},
  abstract = {The main purpose of this paper is to explain the requirements of international standard IAS1 Presentation of Financial Statements. The current version of this standard was issued in September 2007 and has effect for accounting periods beginning on or after January 2009. The objectice of IAS1 is to specify the overall structure and content of general purpose financial statements and so ensure that an entity’s financial statements are comparable with those of previous periods and with those of other entities. The stan-dard sets out: The general features of financial statements Guidelines with regard to their structure, and Minimum requirements for their content. IAS1 is of general application and does not deal with specific transactions or events. These are dealt with in order international standards. This paper also outlines the main requirements of international standard IAS34 Interim Financial reporting.},
 year = {2013}
}

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TY  - JOUR
T1  - Presentation of Financial Statements
AU  - Lidija Romic
Y1  - 2013/02/20
PY  - 2013
N1  - https://doi.org/10.11648/j.ijefm.20130101.11
DO  - 10.11648/j.ijefm.20130101.11
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 1
EP  - 8
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20130101.11
AB  - The main purpose of this paper is to explain the requirements of international standard IAS1 Presentation of Financial Statements. The current version of this standard was issued in September 2007 and has effect for accounting periods beginning on or after January 2009. The objectice of IAS1 is to specify the overall structure and content of general purpose financial statements and so ensure that an entity’s financial statements are comparable with those of previous periods and with those of other entities. The stan-dard sets out: The general features of financial statements Guidelines with regard to their structure, and Minimum requirements for their content. IAS1 is of general application and does not deal with specific transactions or events. These are dealt with in order international standards. This paper also outlines the main requirements of international standard IAS34 Interim Financial reporting.
VL  - 1
IS  - 1
ER  -

Copy | Download