BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -(a) interest income from cash and cash equivalents calculated using the effective interest method; (b) other income from cash, cash equivalents and financing activities; (c) expenses from financing activities; (d) other finance income; and (e) other finance expenses.

Detailed explanation-2: -An entity may present a single statement of profit or loss and other comprehensive income, with profit or loss and other comprehensive income presented in two sections. The sections shall be presented together, with the profit or loss section presented first followed directly by the other comprehensive income section.

Detailed explanation-3: -(1) Revenue, (2) expenses, (3) gains, and (4) losses. An income statement is not a balance sheet or a cash flow statement.

Detailed explanation-4: -Those items that may not be reclassified are changes in a revaluation surplus under IAS 16®, Property, Plant and Equipment, and actuarial gains and losses on a defined benefit plan under IAS 19, Employee Benefits. These are illustrated in the example from IAS 1 above.