Welcome to the website of the IFRS Foundation and the IASB

Tuesday 16 September 2014

Banner graphic

IAS 1 Presentation of Financial Statements [June 2011]


 

IAS 1 Presentation of Financial Statements


 

On 16 June 2011 the IASB issued amendments that will improve and align the presentation of items of other comprehensive income (OCI) in financial statements prepared in accordance with International Financial Reporting Standards (IFRSs) and those prepared in accordance with US generally accepted accounting principles (GAAP).

The amendments to IAS 1 Presentation of Financial Statements require companies preparing financial statements in accordance with IFRSs to group together items within OCI that may be reclassified to the profit or loss section of the income statement. The amendments also reaffirm existing requirements that items in OCI and profit or loss should be presented as either a single statement or two consecutive statements.

 


 
  
IFRS
IAS 1 Presentation of Financial Statements  [English]

You must be an  eIFRS subscriber to view this content.

 

 

 

 

Related information

Click here to read the press release

  Click here to read the June 2011 project summary and feedback statement on IAS 1 Presentation of Financial Statements

 

  Click here to listen to a podcast introducing IAS 1 Presentation of Financial Statements