Presentation of Financial Statements
Resource Overview: 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. This document by the Australian Accounting Standards Board will enhance your understanding about the statement of financial position. Pp. 16 – 20.
APA Reference: Australian Accounting Standards Board. (2021). Presentation of financial statements. https://aasb.gov.au/admin/file/content105/c9/AASB101_07-15_COMPmar20_07- 21.pdf