Presentation Of Financial Statements Of Cash Item Based On Ifrs International Standards

Abstract

Types of Financial Statements Financial reports are divided into 2 types, namely main reports and supporting reports. The entity applies PSAK1 in the preparation and presentation of general purpose financial statements in accordance with SAK. The financial statements are prepared on a going concern basis, if management does not intend to liquidate or stop trading. PSAK1 does not apply to the preparation and presentation of the financial statements of sharia entities. The elements of financial statements that are directly related to the measurement of profit are income and expenses. In meeting its objectives, financial statements also show what management has done (stewardship) or management's responsibility for the resources entrusted to it. The complexity of the IFRS financial statements was conveyed by those who questioned the usefulness of the IFRS financial statements for investors and analysts.