Caroline, Inc.hired a new controller in late 2015.The controller has not prepared financial statements using IFRS before and needs your assistance.In compiling a complete set of financial statements under IFRS, which of the following components must be included?
A)A statement of financial position at the end of the period.
B)Notes, including a summary of significant accounting policies.
C)A statement of comprehensive income for the period.
D)All of these choices are correct.

Question

Quizplus · Accepted Answer

A complete set of financial statements under IFRS includes a statement of financial position, notes with significant accounting policies, and a statement of comprehensive income, among other components.