Mission, Gail Kirsten M.

BSA 12KA2

Chapter 5 PAS 1

Presentation of Financial Statements – Statement of Comprehensive Income

Line items – PAS 1, paragraph 82

o Revenue
o Gain and Loss
o Finance Cost
o Share in income or loss of associated joint venture
o Single amounts comprising discontinues operations
o Profit or loss of the period
o Total Other Comprehensive Income
o Comprehensive Income for the period

PAS 1, paragraph 105 – does not describe any format

o Each method of presentation has merit for different types of entities, management is
required to select the presentation that is reliable and more relevant.