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Consolidated P/L P2 how to present

This topic has 1 reply, 2 voices, and was last updated 11 years ago by MikeLittle.

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December 1, 2013 at 10:33 am #148781
hasanali95
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Is it acceptable if i show each element separately for eg instead of amalgamating all the impairment losses on financial asset into finance cost,can i show impairment loss separately in the I/S?
Thanks
December 1, 2013 at 10:40 am #148784
MikeLittle
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Yes, I believe that that would be perfectly acceptable. The exam is a technical financial reporting exam – it’s not an arts and craft exam. There ARE professional marks in the paper, but not for the beauty of your consolidated Statement of Income
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