CERTYNEX IFRS ACADEMY

In an interim report, in relation to what is the significance of an item assessed when deciding how to recognise, measure, classify or present it?

In relation to the forecast annual profit of the whole year, so that the threshold stays the same from one interim report to the next and in the annual statements.

In relation to the annual financial statements of the previous year, which serve as a fixed reference for all the interim reports of the following year.

In relation to the financial data of the interim period, and not in relation to the forecast annual data of the year.

In relation to a percentage of total assets defined by the Standard, identical for all entities and all interim periods.