An introduction on presentation of financial statement standard

1. An in tro ductio n o n Stan dard N o (1)
Presentatio n o f Financial Statements

2.  This Standard prescribes the basis for presentation of general
purpose financial statements to ensure comparability both with
the entity’s financial statements of previous periods and with the
financial statements of other entities.
It sets out overall requirements for the presentation of financial
statements,
guidelines for their structure and minimum requirements for their
content.

3. The objective of financial statements is to provide information about the
financial position, financial performance and cash flows of an entity that is
useful to a wide range of users in making economic decisions.
Financial statements also show the results of the management’s stewardship of
the resources entrusted to it . And to meet theses objective financial statements
provide information about an entity’s : assets , liabilities , equity , income and
expenses including gains and losses.

4.  A complete set of financial statements comprises:
1- a statement of financial position
2- a statement of income
3- a statement of change in equity
4- a statement of cash flows
5- notes , comprising a summary of significant accounting policies and other
explanatory information
6- a statement of financial position as at the beginning of earlies comparative
period when an entity applies an accounting policy retrospectively of items in
its financial statement . Or when it reclassifies items in its financial statements .

5. 1. Fair presentation and compliance with IFRS : require
faithful representation of the effect of all transaction .
2. Going concern : an entity shall prepare its financial
statement on going concern basis
3. Accrual basis : an entity shall prepare its financial statement
, except for cash flow information , using the accrual basis of
accounting

6. 4. Materially and aggregation : an entity shall present
separately each material class of similar items
5 . F r e q u e n c y o f r e p o r t i n g
6. Comparative information : an entity shall disclose comparative
information shall present at least two statement of financial position

7. Identification of the financial statements :
 Statement of financial position
As a minimum, the statement of financial position shall
include line items that present the following amounts:
1- property ,plant and equipment ‫الممتلكات‬
‫واآلالت‬
‫والمعدات‬
2- investment property ‫االستثمارية‬ ‫العقارات‬
3- intangible assets ‫الملموسة‬ ‫غير‬ ‫االصول‬
4- financial assets ‫األصول‬
‫المالية‬
5- investments accounted for using the equity method ‫االستثمارات‬
‫حقوق‬ ‫طريقة‬ ‫باستخدام‬ ‫حسابها‬ ‫تم‬ ‫التي‬
‫الملكية‬

8. 7- biological assets : ‫الطبيعة‬ ‫في‬ ‫تعيش‬ ‫التي‬ ‫األصول‬ ‫هي‬ ‫البيولوجية‬ ‫األصول‬
.
‫ويشمل‬
‫األشجار‬
‫والحيوانات‬ .
These assets are important to farmers and individuals whose
primary source of profit comes from growing, selling and
shipping biological goods.
8- inventories ‫الجرد‬ ‫وقوائم‬ ‫المخزون‬
9- trade and other receivables ‫االخرى‬ ‫الذمم‬ ‫و‬ ‫المدينة‬ ‫التجارية‬ ‫الذمم‬
10- cash and cash equivalents ‫والنقد‬ ‫النقد‬
‫المعادل‬

9. 11- the total of assets classified as held for sale and assets included in disposal
groups classified . ‫المصنفة‬ ‫البيع‬ ‫مجموعات‬ ‫ضمن‬ ‫المدرجة‬ ‫واألصول‬ ‫للبيع‬ ‫بها‬ ‫كمحتفظ‬ ‫المصنفة‬ ‫األصول‬ ‫إجمالي‬
.
12- trade and other payables ‫الدائنة‬ ‫التجارية‬ ‫الذمم‬
13- provisions ‫المخصصات‬
14- financial liabilities ‫المالية‬ ‫الخصوم‬
15- liabilities and assets for current tax, as defined in IAS 12 Income Taxes
‫الدولي‬ ‫المحاسبة‬ ‫قانون‬ ‫في‬ ‫محدد‬ ‫هو‬ ‫كما‬ ،‫الحالية‬ ‫بالضريبة‬ ‫المتعلقة‬ ‫واألصول‬ ‫االلتزامات‬
12
‫ضرائب‬
‫الدخل‬
16- deferred tax liabilities and deferred tax assets, as defined in IAS 12
‫الدولية‬ ‫المحاسبة‬ ‫في‬ ‫محدد‬ ‫هو‬ ‫كما‬ ،‫المؤجلة‬ ‫الضريبية‬ ‫واألصول‬ ‫المؤجلة‬ ‫الضريبية‬ ‫االلتزامات‬
12

10. 16- liabilities included in disposal groups classified as held for sale in
accordance with IFRS 5
‫االلتزامات‬
‫مجموعات‬ ‫في‬ ‫المدرجة‬
‫التصفية‬
‫المالي‬ ‫لإلبالغ‬ ‫الدولية‬ ‫للمعايير‬ ً‫ا‬‫وفق‬ ‫للبيع‬ ‫محتجزة‬ ‫أنها‬ ‫على‬ ‫المصنفة‬
5
‫؛‬
17- non-controlling interest, presented within equity
‫عليها‬ ‫السيطرة‬ ‫يمكن‬ ‫ال‬ ‫التي‬ ‫الفائدة‬
(
‫السوقية‬ ‫الفائدة‬
)
18- issued capital and reserves attributable to owners of the parent
‫األم‬ ‫الشركة‬ ‫مالكي‬ ‫إلى‬ ‫المنسوبة‬ ‫واالحتياطيات‬ ‫المصدر‬ ‫المال‬ ‫رأس‬

11. Thanks