Scope, Objective & Definition – Presentation of Financial Statements

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..... the entity s financial statements of previous periods and with the financial statements of other entities. It sets out overall requirements for the presentation of financial statements. Guidelines for their structure and minimum requirements for their content. Scope An entity shall apply this Standard in preparing and presenting general purpose financial statements in accord .....

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..... ies whose share capital is not equity may need to adapt the financial statement presentation of members interests. Definition General purpose financial statements - now onwards referred as 'Financial Statements'. These are th financial statement which are intended to meet the needs of users who are not in a position to get tailor-made particular information (as required). - .....

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