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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
  • Example accounts
  • eBooks
  • 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 IFRS such as illustrative examples, implementation guidance and bases for conclusions.


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.

Example accounts

IFRS checklists and model financial statements
Online disclosure checklists, general IFRS illustrative statements and compliance questionnaires compiled by the ICAEW Library.

Best practice

Company Reporting
The ICAEW Library can provide extracts of reports to illustrate real-life best practice from CCH's Company Reporting tool. Extracts are searchable by industry sector, subject, company, auditor, listing status and year end date. The product also offers reports with summaries and commentary (with examples) on common practices and emerging issues, as well as an ongoing monitor of changing practices. 

  • IAS 1 'Presentation of financial statements' CR Extracts
  • FRS 101 "Reduced disclosure framework"- A review of application in parent company accounts of IFRS groups
  • Key management remuneration disclosures under IFRS
  • Capital Management disclosures under IFRS
  • Other comprehensive income under IFRS
  • Income statement format under IFRS
  • An overview of items excluded from adjusted profit measures
  • Intangible assets other than goodwill under IFRS
  • Brexit Disclosures in Listed Company Annual reports
  • Other Comprehensive Income: Presentation of items by reclassification status an emerging issue under IFRS
  • Loans to Equity Accounted Investments, an emerging issue under IFRS
  • Presentation Of Comprehensive Income, an emerging issue under IFRS
  • Gains And Losses Linked To Associated Undertakings, an emerging issue under IFRS

Contact us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com to get any documents from Company Reporting.

ICAEW and Financial Reporting Faculty members can also buy a personal discounted subscription to this product.


The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

IFRS 2017: Interpretation and application of IFRS standards
Erwin Bakker (2017)
This Wiley guide has been fully updated to help practitioners apply and comply with the latest international financial reporting standards. It provides detailed guidance along with illustrative examples. The chapter on presentation of financial statements covers:

  • Financial statements
  • General features
  • Structure and content
  • Illustrative financial statements.

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

IASB news

IASB publishes proposals to clarify the way in which liabilities are classified
Press release issued by the IASB on 10 February 2015 announcing publication of the Exposure Draft Classification of Liabilities (Proposed amendments to IAS 1).

IASB makes progress on improving the effectiveness of disclosure in financial reporting
Press release issued by the IASB on 18 December 2014 announcing the issue of amendments to IAS 1.

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

Some guides and comparisons that we link to may pre-date the latest amendments to this standard. While these resources contain useful information, please treat them with appropriate caution.

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 the IFRS Foundation on the amendments to IFRS 1, IAS 1, IAS 16, IAS 32 and IAS 34.

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 to logged-in ICAEW members, ACA students and other entitled users 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?

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