BPP LEARNING MEDIA IAS 1 (revised) 1 IAS 1 applies to the preparation and presentation of general purpose financial statements in accordance with IFRSs and states that a complete set of financial statements comprises: A statement of financial position at the end of the period A statement of profit or loss and other comprehensive income for the period A statement of changes in equity for the period A statement of cash flows for the period Notes to the financial statements including a summary of significant accounting policies an other explanatory information
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