IAS 1 requires that a reconciliation between the carrying amount of each class of contributed equity capital and each reserve at the beginning and end of each period be disclosed in:

Question

Quizplus · Accepted Answer

IAS 1 allows the reconciliation between the carrying amount of each class of contributed equity capital and each reserve to be disclosed either in the Statement of Changes in Equity or in the notes to the financial statements. Therefore, options A and D are not correct. However, the disclosure is required under IAS 1 and should be provided either in the statement or in the notes, hence option B is not correct. Option C is the best answer.

IAS 1 Requires That a Reconciliation Between the Carrying Amount