IAS 1 Presentation of Financial Statements requires the following items to appear on the face of the Statement of Changes in Equity
I The net amount of cash from the issue of any securities during the period
II The cumulative effect of changes in accounting policy and the correction of errors
III Each item of income or expenses that are required to be recognised directly in equity
IV Profit or loss for the period.

Question

IAS 1 Presentation of Financial Statements requires the following items to appear on the face of the Statement of Changes in Equity
I	The net amount of cash from the issue of any securities during the period
II	The cumulative effect of changes in accounting policy and the correction of errors
III	Each item of income or expenses that are required to be recognised directly in equity
IV	Profit or loss for the period.

Quizplus · Accepted Answer

IAS 1 requires the presentation of the cumulative effect of changes in accounting policy and the correction of errors (II), each item of income or expenses that are required to be recognised directly in equity (III), and profit or loss for the period (IV) on the face of the Statement of Changes in Equity. The net amount of cash from the issue of any securities during the period (I) is not required to be presented on the face of the Statement of Changes in Equity according to IAS 1.

IAS 1 Presentation of Financial Statements Requires the Following Items