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Please mention, the general features of the financial statements?

Accounting IAS Budgeting IFRS Finance
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Question added by Rashad Moursi , Financial and Administrative Officer & international Business Transformer, Hotel Owner Reprs. , Investment and financial
Date Posted: 2014/04/28
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SHAIKH MOHAMMED BASHEER AHMED SHAIKH
by SHAIKH MOHAMMED BASHEER AHMED SHAIKH , Account Manager , Tarik Al Zahid Holding Company

As per IAS -1, General Features of Financial Statements are:

 

1. Fair presentation and compliance with IFRS

2. Going Concern

3. Accrual basis of Accounting

4. Materiality and Aggregation

5. Offsetting

6. Frequency of reporting

7. Comparative Information

8. Consistency of presentation.

Walied EL-Lakany
by Walied EL-Lakany , Financial Controller , Accounting and Tax Consulting Group

I think that the the most important characteristic the financial statements Included is disclosure of financial statements

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