Illustrating IFRS
13 September 2012
A flavour of what the Report and Accounts prepared using International Standards will look like, and some other technical points.
From January 2005, UK listed companies will have to produce financial statements using International Standards (IASs and IFRSs).
Under IAS, there is only one format for the Balance Sheet, a choice of two for the Income Statement, a choice of two for the Statement of Recognised Gains...