IAS 1 Presentation of Financial Statements Requires an Entity to Disclose

question 9

True/False

IAS 1 Presentation of Financial Statements requires an entity to disclose separately in the statement of comprehensive income,profit or loss for the period attributable to non-controlling interests and owners of the parent.

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Definitions:

FAIS

The Financial Advisory and Intermediary Services Act, a regulation aiming to protect consumers by regulating financial service providers in certain jurisdictions.

Lack of Communication

A situation where insufficient or ineffective exchange of information leads to misunderstandings or conflicts.

Acquire Goods

The process of obtaining physical or digital products through purchase, lease, or barter to support an organization's operations or inventory.

External Sources

Outside entities, data, or information that contribute to an organization's decision-making, research, or strategic planning.