• Register
Search Questions / Answers

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers. Although you need not be a member to ask questions or provide answers, we invite you to register an account and be a member of our community for mutual help. You can register with your email or with facebook login in few seconds

Get AccountantAnswer App


Can we change the titles of financial statements as we wish? For instance can I present the income statement as profit statement or something? Is it against IAS1 presentation?
in IAS 1 - Presentation of Financial Statements by
retagged by

2 Answers

0 votes
Yes IAS 1 provides for using another title. So you can use whatever name you want. However the titles should not mislead the users of the financial statements.
by Level 2 Member (3.6k points)
0 votes
Yes you can use any other suitable title