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IAS 1 : Current Liabilities Current liabilities An entity shall classify a liability as current when: (a) it expects to

Current assets An entity shall classify an asset as current when: (a) it expects to realise the asset, or intends

IAS 1 : Information to be presented in the statement of financial position The statement of financial position shall include

IAS 1 : Identification of the financial statements An entity shall clearly identify each financial statement and the notes. In

IAS 1: Consistency of presentation for financial statements Consistency of presentation An entity shall retain the presentation and classification of

IAS 1: change the presentation or classification of items in its financial statements If an entity changes the presentation or

IAS 1: Present separately each material class of similar items. An entity shall present separately each material class of similar

IAS1 : Going concern Going concern When preparing financial statements, management shall make an assessment of an entity’s ability to

IAS 1 : Complete set of financial statements A complete set of financial statements comprises:   a statement of financial