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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

Unaccompanied version of IAS 1
The International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website. Free registration is required.

This unaccompanied version does not include additional content that accompanies the full standard, 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 collected by the ICAEW Library.

Best practice

Company Reporting (Croner-i)
The ICAEW Library can provide examples of real-life company reports to help keep you up-to-date with reporting practices and benchmark your financial reporting compliance. As well as extracts from reports filed by all major public companies, Company Reporting also offers weekly CR Monitor Reports detailing changes to reporting practice and a broader monthly CR Review.

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


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 2018: Interpretation and application of IFRS standards
PKF (2018)
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:

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

Date Update
15 July 2020 IASB defers the effective date of amendments to IAS 1
The amendment 'Classification of Liabilities as Current or Non-current' is now effective for annual reporting periods beginning on or after 1 January 2023.
23 January 2020
IASB clarifies requirements for classifying liabilities as current or non-current
News update announcing publication of narrow-scope amendments to IAS 1 clarifying how to classify debt and other liabilities as current or non-current.
17 December 2019
IASB proposes to require comparable profit subtotals and bring greater transparency to ‘non-GAAP’ measures
News update issued by the IASB in December 2019 announcing the General Presentation and Disclosures (Primary Financial Statements) Exposure Draft. The proposals would result in a new IFRS that sets out general presentation and disclosure requirements relevant for all companies, replacing IAS 1 Presentation of Financial Statements.
1 August 2019
IASB proposes amendments to IFRS Standards to improve accounting policy disclosures
News update issued by the IASB on 1 August 2019 announcing the publication of the Exposure Draft Disclosure of Accounting Policies, which proposes narrow-scope amendments to IAS 1 and IFRS Practice Statement 2 Making Materiality Judgements.
31 October 2018 IASB clarifies its definition of 'material'
News release issued by the IASB on 31 October 2018 announcing amendments to IAS 1 and IAS 8 to help make it easier for companies to make materiality judgements.
10 February 2015 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).
8 December 2014 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.
17 May 2012 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.
16 June 2011 IASB and FASB align presentation requirements for other comprehensive income
Press release issued by the IASB on 16 June 2011.
27 May 2010 IASB proposes improvements to the presentation of items of Other Comprehensive Income
Press release issued by the IASB on 27 May 2010.
6 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.

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.

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 leading business, finance and management journals. These journals are available 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.

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