Film is the superior art form, a conclusion I've come to over the years. It is the ultimate creative culmination, seamlessly combining almost every other medium. Writing, photography, poetry, music, acting, and design all merge to create a singular, immersive experience.
#OneIFRSperweek Week 1
IAS 1 - Presentation of Financial Statements
This standard sets out the overall framework for presenting general purpose financial statements, including guidelines for their structures and minimum content.
Purpose of the financial statements is to provide information about the financial position, financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions.
The complete set of financial statements comprises:
> Statement of Financial Position (formerly known as Balance Sheet)
> Statement of Profit or Loss and Other Comprehensive Income (formerly known as Profit and Loss Account)
> Statement of Cash flows (formerly known as Cash Flow Statement)
> Statement of Changes in Equity
> Notes
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