Financial Statements
Submitted by lev_lafayette on Fri, 10/16/2009 - 06:05Under the Corporations Law and AASB 101 Presentation of Financial Statements, any business organisation that is a reporting entity must include the following items in its general-purpose financial reports:
- the director's report
- the director's statement
- a balance sheet (statement of financial position)
- an income statement (statement of financial performance or profit and loss statement)
- a statement of changes in equity
- a cash flow statement