CERTYNEX IFRS ACADEMY

Prisme SA, a financial services company, considers that presenting its assets and liabilities in order of liquidity gives reliable and more relevant information than a current / non-current classification (documented judgement, case fact). May it adopt that presentation?

No: current and non-current assets and liabilities are presented in two separate classifications, without exception.

Yes, provided that the entity is a bank or an insurance company, other entities keeping the two-category classification.

No: presentation in order of liquidity is intended for interim statements, not for annual statements.

Yes: a presentation in order of liquidity is allowed when it provides reliable and more relevant information.