AASB 101 Presentation of Financial Statements requires an entity to disclose separately in the statement of comprehensive income,profit or loss for the period attributable to non-controlling interests and owners of the parent.

Question

Quizplus · Accepted Answer

AASB 101 does require entities to disclose separately in the statement of comprehensive income, profit or loss for the period attributable to non-controlling interests and owners of the parent. This enhances the transparency of financial reporting and helps users to understand the performance of the entity and the impact of non-controlling interests on the overall results.

AASB 101 Presentation of Financial Statements Requires an Entity to Disclose