AASB 101 Presentation of Financial Statements
Materiality, offsetting, frequency and comparatives – AASB 101 Presentation of Financial Statements

AASB 101 Presentation of Financial Statements 41-45: Keep presentation and classification consistent, and label statements clearly

What does 41-45 require?

The way items are presented and classified from one period to the next stays the same unless a standard forces a change or a different presentation would plainly serve users better, with any change in classification carrying its own reclassification disclosure. Each statement and the notes are clearly identified by the reporting entity's name, whether the figures cover the group or a single entity, the reporting date or period, the presentation currency, and the level of rounding used.

Maintained by Gerard Blokdyk

Other controls in Materiality, offsetting, frequency and comparatives – AASB 101 Presentation of Financial Statements

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The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.