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A complete set of financial statements comprises the following components:
- balance sheet
- income statement
- a statement showing either: all changes in equity or changes in equity other than arising from capital transactions with owners and distributions to owners.
- cash flow
- note of accounting policies and other explanatory notes.
Some enterprises present additional statements, such as: typically an environmental report, a chairmen’s report and a financial review. But these are outside the actual financial statements thus outside the scope of a IASs (International Accounting Standards).
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