IAS 1 definition

IAS 1 means IAS 1, Financial Statement Presentation.
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IAS 1 means International Accounting Standard
Sample 1
IAS 1 means International Accounting Standard (IAS) 1 Presentation of Financial Statements;
Sample 1

Examples of IAS 1 in a sentence

  • The amendment also clarifies what IAS 1 means when it refers to the ‘settlement’ of a liability.

  • The definition of material in IAS 8 has been replaced by a reference to the definition of material in IAS 1.

  • For those items presented before taxes, the amendments to IAS 1 also require that the taxes related to the two separate groups be presented separately.

  • The amendments also clarify what IAS 1 means when it refers to the ‘settlement’ of a liability.

  • These narrow-scope amendments to IAS 1, ‘Presentation of financial statements’, clarify that liabilities are classified as either current or non-current, depending on the rights that exist at the end of the reporting period.

  • IAS 1 – Presentation of Financial Statements (“IAS 1”) and IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors (“IAS 8”) were amended in October 2018 to refine the definition of materiality and clarify its characteristics.

  • The amendments to IAS 1 are effective for annual periods beginning on or after July 1, 2012.

  • The amendments to IAS 1 are applicable for annual periods beginning on or after 1 January 2023 with earlier application permitted.

  • The amendments to IAS 1 require companies to disclose their material accounting policy information rather than their significant accounting policies.

  • The amendments to IAS 1 retain the option to present profit or loss and other comprehensive income in either a single statement or in two separate but consecutive statements.

Related to IAS 1

  • IASB means the International Accounting Standards Board;

  • IAS means International Accounting Standards;

  • SSAP means a sporting sanctions appeal panel to be appointed to determine an appeal against a deduction of points under Rule 13.

  • International Financial Reporting Standards or “IFRS” means the accounting standards issued or endorsed by the International Accounting Standards Board.

  • HKFRS Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants

  • Accounting Standards means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;

  • Australian Accounting Standards means the accounting standards made by the Australian Accounting Standards Board in accordance with section 227 of the Australian Securities and Investments Commission Act 2001 (Cth).

  • auditing standards means auditing standards as defined in National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards;

  • SAP means, with respect to any Insurance Subsidiary, the statutory accounting practices prescribed or permitted by the insurance commissioner (or other similar authority) in the jurisdiction of such Insurance Subsidiary for the preparation of annual statements and other financial reports by insurance companies of the same type as such Insurance Subsidiary that are applicable to the circumstances as of the date of filing of such statement or report.

  • International Accounting Standards means the accounting standards approved by the International Accounting Standards Board from time to time.

  • TDSAT means Telecom Disputes Settlement and Appellate Tribunal;

  • IFRS means International Financial Reporting Standards as issued by the International Accounting Standards Board.

  • AICPA means the American Institute of Certified Public Accountants;

  • OATT means the applicable Open Access Transmission Tariffs on file with FERC for PJM and NYISO.

  • FAS means Free alongside shipment

  • FASB means the Financial Accounting Standards Board.

  • GAAS means generally accepted auditing standards as in effect from time to time in the United States.

  • Accounting Standard means GAAP.

  • IPP means the indigenous peoples plan for the Project, including any update thereto, prepared and submitted by the Borrower through the EA pursuant to the requirements set forth in the IPPF and cleared by ADB;

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • COVID-19 means SARS-CoV-2 or COVID-19, and any evolutions thereof or related or associated epidemics, pandemic or disease outbreaks.

  • U.S. GAAP means United States generally accepted accounting principles consistently applied.

  • Financial Reporting Measures means measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall, for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC.

  • ASME means the American Society of Mechanical Engineers.

  • UK GAAP means generally accepted accounting principles in the United Kingdom.

  • Certified public accountant means an individual who is either of the following: