IAS 1Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IAS 1This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts April 26, 2017 at 8:24 pm #384058 AnonymousInactiveTopics: 1Replies: 0☆(a) Under IAS 1, all revenues and gains are reported as part of Comprehensive income and classified either under “net profit for the year” or “other comprehensive income”. What benefit and drawback can be derived from this approach ? April 26, 2017 at 8:35 pm #384060 MikeLittleKeymasterTopics: 27Replies: 23328☆☆☆☆☆Your colleague Vimela asked 10 hours agoCheck out his post and my response lower down on this forumAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘IAS 1’ is closed to new replies.