IAS 34Chapter 3Lesson 1
The periods presented: balance sheet, income, equity and cash flows
Step 1 of 8Learning objectives
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The balance sheet is compared with the previous annual closing; comprehensive income presents the period and the year to date with their comparatives; equity and cash flows are on the year to date.
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Learning objectives
- Determine the dates of the interim statement of financial position and its comparative.
- Determine the periods and comparatives of the interim statement of comprehensive income.
- Calculate a quarter from two cumulative figures, and a cumulative figure from the quarters.
- Know that equity and cash flows are presented on the year to date.