Which of the following is not included in financial statements?
A)Statement of financial position
B)Statement of comprehensive income
C)Accounting standards and notes from management
D)Statement of changes in equity

Question

Quizplus · Accepted Answer

Accounting standards and notes from management are not considered as part of financial statements themselves, but rather are supplementary information provided alongside the statements to help users understand the information presented. The other options, statement of financial position, statement of comprehensive income, and statement of changes in equity, are all considered part of financial statements.

Which of the Following Is Not Included in Financial Statements