Investor Presentaiton
CAT
THE INSTITUTE OF
CHARTERED ACCOUNTANTS OF SRI LANKA
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LKAS 1-Presentation of Financial Statements
27th June 2012
Scope of the presentation
History of the standard
New developments - changes from 2009 to 2011
Objective of the standard
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Scope of the standard
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Financial statements
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Structure and content
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Statement of financial position
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Statement of comprehensive income
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Statement of changes in equity
⚫ Statement of cash flows
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Notes
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Sources of estimation uncertainty
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Disclosure of accounting policies
Capital
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Puttable financial instruments classified as equity
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Other disclosures
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Related interpretations
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The way forward
CAT
THE INSTITUTE OF
CHARTERED ACCOUNTANTS OF SRI LANKA
LKAS 1-Presentation of Financial Statements
27th June 2012
History of the standard
March 1974
January 1975
October 1976
November 1979
1994
August 1997
18 December 2003
18 August 2005
6 September 2007
14 February 2008
22 May 2008
16 April 2009
27 May 2010
16 June 2011
1 January 2011
Exposure Draft E1 Disclosure of Accounting Policies
IAS 1 Disclosure of Accounting Policies
IAS 5 Information to Be Disclosed in Financial Statements
IAS 13 Presentation of Current Assets and Current Liabilities
IAS 1, IAS 5, and IAS 13 were reformatted
IAS 1 (1997) Presentation of Financial Statements superseded IAS 1
(1975), IAS 5, and IAS 13 (1979)
Revised version of IAS 1 (2003) issued by the IASB
IAS 1 amended to add disclosures about capital (on issuing IFRS 7)
Revised IAS 1 (2007) issued
IAS 1 amended to add New Disclosure Requirements for puttable
instruments and obligations arising on liquidation
IAS 1 amended for Annual Improvements to IFRSS 2007 in
regards to classification of derivatives as current or non-current
AS 1 amended for Annual Improvements to IFRSS 2009 about
classification of liabilities as current
Exposure Draft of proposed amendments to IAS 1 relating to
Presenting Comprehensive Income
Amendments to IAS 1 issued.
Effective date of May 2010 amendment to IAS 1
Scope of the Presentation.
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