The statement of comprehensive income reports a company's revenues, expenses, and profit or loss for a period.
The statement of changes in equity shows movements in owners’ equity, including retained earnings, dividends, and share capital changes.
Notes to financial statements provide essential details and explanations of accounting policies, assumptions, and significant transactions.
The statement of financial position provides a snapshot of a company's financial condition, showing assets, liabilities, and equity at a specific date.
The statement of cash flows shows how cash is generated and used in operating, investing, and financing activities, providing insight into a company’s liquidity.
IFRS for SMEs requires the presentation of a statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows.
