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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
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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
by


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