1. Purpose of Financial Statements/财务报表的目的
Financial statements are a structured representation (1) of the financial position and financial performance of an entity. The objective of financial statements is to provide information about the financial position, financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions (2). Financial statements also show the results of the management’s stewardship of the resources entrusted (3) to it.
To meet this objective, financial statements provide information about an entity’s:
(d) income and expenses, including gains and losses (4);
(e) contributions by and distributions to owners (5);
(f) cash flows.
This information, along with
(6) other information in the notes, assists
(7) users of financial statements in predicting the entity’s future cash flows and, in particular, their timing and certainty.
2. Complete Set of Financial Statements/一套完整的财务报表
3. Basic Requirements for Presentation of Financial Statements/财务报表列报的基本要求
3.1 Fair presentation and compliance with IFRSs/公允列报和遵循国际财务报告准则
Financial statements shall present fairly (13) the financial position, financial performance and cash flows of an entity. Fair presentation (13) requires the faithful representation of the effects of transactions, other events and conditions in accordance with the definitions and recognition criteria for assets, liabilities, income and expenses set out (14) in the Conceptual Framework for Financial Reporting (15). The application of IFRSs, with additional disclosure when necessary, is presumed (16) to result in financial statements that achieve a fair presentation.
An entity whose financial statements comply with (17) IFRSs shall make an explicit and unreserved statement (18) of such compliance (18) in the notes. An entity shall not describe financial statements as complying with IFRSs unless they comply with all the requirements of IFRSs.
3.2 Going Concern/持续经营
When preparing financial statements, management shall make an assessment of an entity’s ability to continue as a going concern (19). An entity shall prepare financial statements on a going concern basis (20) unless management either intends to liquidate (21) the entity or to cease trading (22), or has no realistic alternative but to do so. When management is aware, in making its assessment, of material uncertainties (23) related to events or conditions that may cast significant doubt upon (24) the entity’s ability to continue as a going concern (25), the entity shall disclose those uncertainties. When an entity does not prepare financial statements on a going concern basis, it shall disclose that fact, together with the basis on which it prepared the financial statements and the reason why the entity is not regarded as a going concern.
3.3 Accrual Basis of Accounting/权责发生制会计
An entity shall prepare its financial statements, except for cash flow information, using the accrual basis of accounting (26).
3.4 Frequency of Reporting/报告频率
An entity shall present a complete set of financial statements (including comparative information) at least annually. Normally, an entity consistently prepares financial statements for a one-year period.
3.5 Comparative Information/比较信息
Except when IFRSs permit or require otherwise
(27), an entity shall disclose comparative information in respect of
(28) the previous period for all amounts reported in the current period’s financial statements. An entity disclosing comparative information shall present, as a minimum
(29), two statements of financial position, two of each of the other statements, and related notes. When an entity applies an accounting policy retrospectively
(30) or makes a retrospective restatement
(31) of items in its financial statements or when it reclassifies
(32) items in its financial statements, it shall present, as a minimum, three statements of financial position, two of each of the other statements, and related notes. An entity presents statements of financial position as at:
(a) the end of the current period (33);
(b) the end of the previous period (34); and
(c) the beginning of the earliest comparative period.
4. Key Words and Expressions/重要词汇与表达