IAS 1Chapter 6Lesson 1
The notes: structure, accounting policy information and capital
Step 1 of 7Learning objectives
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The notes explain the statements in an organised way; for accounting policies, only material information is given; capital management information completes the whole.
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Learning objectives
- Explain the role of the notes relative to the primary statements and identify the items that appear in them.
- Determine whether information about an accounting policy is material.
- Justify why standardised information must not obscure material information.
- Identify the capital management information required by IAS 1 and place it in time.