Reporting frequency: at least annual

Learning objectives

• Identify the minimum frequency for presenting a complete set of financial statements.L1
• Explain the implications of a reporting period other than one year.L1

Normative references

• IAS 1 §36A complete set of financial statements is presented at least annually, which frames the frequency of reporting and reporting periods that are shorter or longer than one year.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

2 questions

• IAS 1 allows an entity to present a complete set of financial statements every two years.L1
• Under IAS 1, what is the minimum frequency at which a complete set of financial statements is presented?L1