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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Financial statement assertions
How are assertions “Classification” and “Presentation” different from each other?
If you download the notes you can search the pdf for key words – though in this case the topic is clearly indicated as Chapter 16 on the contents.
Classification relates to the (ledger) accounts. Presentation means aggregation/disaggregation and disclosure in the financial statements.
Thanks, I’ll do it
