New Title of Financial Statements

Title of Financial Statements 
IAS 1 (Presentation of Financial Statements)

1. Statement of Financial Positions (previously know as Balance Sheet)

2. Statement of Profit or Loss account and other comprehensive income for the period. (Previously Know as Income Statement)

3. Statement of Changes in Equity for the period. 

4. Statement of Cash flows for the period. (Previously Know as Cash flow Statement)

5.  Notes, comprising a summary of significant accounting policies and other 
explanatory notes,

6. Comparative information prescribed by the standard

** Sample of Financial statements will be given on next post. 


4. st andatement of profit or loss and other comprehensive income for the periodstatement of profit or loss and other comprehensive income for the periodsadasdsad
a statement of financial position (balance sheet) at the end of the perioda statement of financial position (balance sheet) at the end of the perio1. 
a statement of financial position (balance sheet) at the end of the period