What
is consistency of presentation?
International accounting
standard requires that financial statement presentation should not change over
the period of time, unless there is either a requirement of international
accounting standard or alternative presentation is more appropriate in the
circumstance.
What
is change in presentation?
Change in presentation
means that information is presented differently from the last period including
change in classification.
What
is importance of consistency of presentation?
Consistency of
presentation is important for the understandability of the financial statement.
It would be very difficult for the user for financial statement to compare the
financial statement, if there is change in presentation.
What
is difference between consistency of policy and presentation?
Consistency of policy
deals with application of policy to the financial statement, while consistency
of presentation deals with the presentation of financial statement.
