Presentations of Financial Statements

The objective is to give guidance regarding the preparation of published financial statements and prescribe the content of the published financial statement.

The following information should be prominently displayed and repeated when it is necessary for a proper understanding of the information presented:

• The name of the reporting enterprise and other means of identification.
• Whether the financial statements cover an individual enterprise or a group of enterprises.
• The balance sheet date or the period covered by the financial statements whichever is appropriate to that component of the financial statements.
• The reporting currency.
• The level of precision used in the presentation of figures in the financial statements (e.g. Shs. ‘000’ or millions of Shs.)