Syllabus C1. SFP, P/L and OCI 1 / 7

• State the objectives of IFRS Standards governing the presentation of financial statements.
• Describe the structure and content of statements of financial position and statements of profit or loss and other comprehensive income including continuing operations.
• Discuss the importance of identifying and reporting the results of discontinued operations.
• Define and account for non-current assets held for sale and discontinued operations.
• Discuss ‘fair presentation’ and the accounting concepts/principles.
SFP, P/L and OCI