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IAS 1: Consistency of presentation for financial statements

IAS 1: Consistency of presentation for financial statements

Consistency of presentation

An entity shall retain the presentation and classification of items in the financial statements from one period to the next unless:
(a)  it is apparent, following a significant change in the nature of the entity’s operations or a review of its financial statements, that another presentation or classification would be more appropriate having regard to the criteria for the selection and application of accounting policies in IAS 8; or
(b) an IFRS requires a change in presentation.

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