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Financial statement presentation — Financial statements and comparatives


This project forms part of the overall financial statements presentation project being undertaken jointly by the IASB and FASB.

This phase (originally called 'Phase A') addresses narrow differences between US GAAP and International Financial Reporting Standards (IFRSs) related to:

  • which financial statements should be required
  • what requirements should exist for  the presentation of comparative information.


Current status of the project

This project have been completed. The IASB issued a revised IAS 1 Presentation of Financial Statements on 6 September 2007.


Project milestones

16 March 2006 Exposure Draft of proposed amendments to IAS 1 Presentation of Financial Statements issued Comment deadline 17 July 2006
6 September 2007 Revised IAS 1 Presentation of Financial Statements issued Effective for annual periods beginning on or after 1 January 2009

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.