Technical Summary Of IFRS 8 Operating Segments

Core principle-An entity shall disclose information to enable users of its financial statements to evaluate the nature and financial effects of the business activities in which it engages and the economic environments in which it operates.

This IFRS shall apply to:

Technical Summary Of IAS 1 Presentation of Financial Statements

 

The objective of this Standard is to prescribe the basis for presentation of general purpose financial statements,to ensure comparability both with the entity’s financial statements of previous periods and with the financial statements of other entities. To achieve this objective,this Standard sets out overall requirements for the presentation of [...]

Technical Summary Of IAS 7 Cash Flow Statements

Objective:

To require the provision of information about the historical changes in cash and cash equivalents of an entity by means of a cash flow statement which classifies cash flows during the period from operating,investing and financing activities.

Cash [...]

Technical Summary Of IAS 8 Accounting Policies,Changes in Accounting Estimates and Errors

 

Objective:

To prescribe the criteria for selecting and changing accounting policies,together with the accounting treatment and disclosure of changes in accounting policies,changes in accounting estimates and corrections of errors.

The Standard is intended to enhance the relevance and [...]

Technical Summary Of IAS 10 Events after the Balance Sheet Date

 

Objective:

To prescribe the following:

 (a) when an entity should adjust its financial statements for events after the balance sheet date;and

(b) the disclosures that an entity should [...]