OBJECTIVE

The objective of IAS 1 is to prescribe the presentation of financial statements, to ensure comparability both with financial statements of previous periods, and with the financial statements of other undertakings.

IAS 1 sets out requirements for the presentation of financial statements, guidelines for their structure, and minimum requirements for their content.

(The recognition, measurement and disclosure of specific transactions and other events are dealt with in other Standards and in Interpretations).

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