PRESENTATION OF FINANCIAL STATEMENTS



PRESENTATION OF FINANCIAL STATEMENTS | |

|From the desk of M.Iftykhar Alam ..::: iftis. :::.. |

|HISTORY OF IAS 1 |

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|March 1974 |

|Exposure Draft E1, Disclosure of Accounting Policies |

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|January 1975 |

|IAS 1, Disclosure of Accounting Policies |

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|June 1975 |

|E5, Information to Be Disclosed in Financial Statements |

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|October 1976 |

|IAS 5, Information to Be Disclosed in Financial Statements |

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|July 1978 |

|E14, Current Assets and Current Liabilities |

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|November 1979 |

|IAS 13, Presentation of Current Assets and Current Liabilities |

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|1994 |

|IAS 1, IAS 5, and IAS 13 were reformatted |

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|July 1996 |

|E53 Presentation of Financial Statements |

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|August 1997 |

|IAS 1 (1997), Presentation of Financial Statements, superseded IAS 1 (1975), IAS 5, and IAS 13 (1979) |

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|1 July 1998 |

|Effective Date of IAS 1 (1997) |

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|RELATED INTERPRETATIONS |

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|• SIC 8, First-Time Application of IASs as the Primary Basis of Accounting |

|• SIC 18, Consistency - Alternative Methods |

|• SIC 27, Evaluating the Substance of Transactions in the Legal Form of a Lease |

|• SIC 29, Disclosure – Service Concession Arrangements |

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|AMENDMENTS UNDER CONSIDERATION BY IASB |

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