IAS 1 Presentation of Financial Statements Flashcards
1
Q
What do they do? (2)
A
- Identifies components of FS.
- Items of OCI must be separated as those that can be reclassified to P/L in the future and those which cannot.
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What do they do? (2)
- Items of OCI must be separated as those that can be reclassified to P/L in the future and those which cannot.