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What comprises a complete set of financial report?

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Question added by Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)
Date Posted: 2014/12/06

(a) a statement of financial position as at the end of the period; 

(b) a statement of profit and loss and other comprehensive income for the period; 

(c) a statement of changes in equity for the period; 

(d) a statement of cash flows for the period; 

(e) notes, comprising a summary of significant accounting policies and other explanatory information; and 

(f) a statement of financial position as at the beginning of the earliest comparative period when an entity 

applies an accounting policy retrospectively or makes a retrospective restatement of items in its financial 

statements, or when it reclassifies items in its financial statements.

IAS1

A complete set of financial statements comprises of a statement of financial position; a statement of comprehensive income; a statement of changes in equity; a statement of cash flows and notes to the financial statements including summary of accounting policies.

Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

1- Statement of Financial Position

2- Statement of Profit and Loss Account

3- Cash Flow Statement

4- Changes in Owners Equity

5- Notes and Disclosures to Financial Statements

mohammed elkheniny
by mohammed elkheniny , Financial Controller , DNM FOR SPINNING& WEAVING AND DYING

income statement

cash flow statement

balance sheet statement

Statement of changes in equity

note

 

 

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

Basic financial reports:

Report the financial position of the earnings report and loss distribution of profits and losses report cash flow report

Abd ElRahman Mohammed Idris Mohammed
by Abd ElRahman Mohammed Idris Mohammed , Internal Audit Manager , Kenana Sugar Company Limited

1. Statement of financial position.

2. Statement of Income.

3.Statement of changes in equity.

4. Statement of cash flows.

5. Notes.

 

 

agreed with Mr malik Khalid

Income Statement

Balance sheet

Statement of Owner's Equity 

Statement of Cash Flows

Notes

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Financial statements are reports prepared and issued by company management to give investors and creditors additional information about a company's performance and financial standings.This is the fundamental purpose of financial accounting - to provide useful financial information to users outside of the company.A set of general-purpose financial statements is designed to report the earnings and profitability, asset and debt levels, uses of cash, and total investments by company owners for a specific time period following the periodicity assumption.All of this information is presented in four general reports including:

Income Statement

Statement of Owner's

Equity Balance Sheet

Statement of Cash Flows

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

AGREE WITH MR MOATAZ ANSWER  

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