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IAS 1: Presentation of financial statements

The accounting standard IAS 1 sets out the principles for the presentation of general purpose financial statements. Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.

What's on this page?

  • Full-text standard
  • Summaries
  • Guidance and support from ICAEW
  • IASB news
  • Guides
  • Online articles
  • Articles and books from the Library

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Full-text standard

The IFRS Foundation and International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website; you will need to register to gain access.

These standards are the unaccompanied versions and do not include any additional content that accompanies the full IAS and IFRSs such as illustrative examples, implementation guidance and bases for conclusions.

Summaries

IAS 1 Presentation of Financial Statements
IASB technical summary, as issued at 1 January 2014.

IAS 1 – Presentation of Financial Statements
Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration.

ICAEW guidance and support

Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.

IASB news

IASB concludes the 2009–2011 Annual Improvements cycle
Press release issued by the IASB on 17 May 2012 launching new amendments that will affect IFRS 1, IAS 1, IAS 16, IAS 32 and IAS 34.

IASB and FASB align presentation requirements for other comprehensive income
Press release issued by the IASB on 16 June 2011.

IASB proposes improvements to the presentation of items of Other Comprehensive Income
Press release issued by the IASB on 27 May 2010.

IASB concludes the 2008-2010 cycle of annual improvements to IFRSs
Press release issued by the IASB on 6 May 2010.

Guides and publications

A practical guide to new IFRSs for 2013
Guide published by PwC in March 2013 covering new standards and interpretations, including amendments to IAS 1 on the presentation of items of other comprehensive income.

Annual improvements to IFRS – the 2009–2011 cycle
IFRS Developments bulletin released by Ernst & Young in May 2012 summarising the amendments to IFRS 1, IAS 1, IAS 16, IAS 32 and IAS 34. The bulletin also examines the potential implications for reporting entities.

Changes to the presentation of other comprehensive income — amendments to IAS 1
Bulletin from Ernst & Young, published in June 2011, highlighting the impact of amendments and the reasons behind the changes.

IASB amends IAS 1 for presentation of items of other comprehensive income
PwC briefing published in June 2011 examining changes to the standard.

Straight away: IASB proposes single statement of comprehensive income
PwC briefing published May 2010 looking at the implications of proposed amendments to IAS 1.

Examination of the conformity between IAS 1 to IAS 41 and the European Accounting Directives
Guide published by the European Commission in April 2001.

Examination of the conformity between IAS 1 and the European Accounting Directives
Comparison document issued by the European Commission in 1998.

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided subject to suppliers' terms of use.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by fax on +44 (0)20 7920 8621 or by email at library@icaew.com.

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