INPAG ED1 Financial Statements Presentation: Exploring Key Proposals and Implications (2022)

This explainer video presents the proposals in the first Exposure Draft of International Non-Profit Accounting Guidance (INPAG ED1) regarding the presentation of financial statements.
In International Financial Reporting Standards (IFRS), the primary financial statements are called:
1. Statement of Financial Position (also known as Balance sheet)
2. Statement of Financial Performance (also known as the Income Statement)
3. Statement of Cash Flows
4. Statement of Changes in Equity
Find out the proposed names and formats for these statements in INPAG. The goal is for the financial reports to be relevant for stakeholders of Non-Profit Organisations and communicate meaningful and useful information.
The Response period for comments on Exposure Draft 1 closed in March 2023.
For more up to date information on this topic visit www.ifr4npo.org/resources/accounting-issues/financial-statement-presentation/

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