IAS 1

International Accounting Standard 1: Presentation of Financial Statements or IAS 1 is an international financial reporting standard adopted by the International Accounting Standards Board (IASB). It lays out the guidelines for the presentation of financial statements and sets out minimum requirements of their content; it is applicable to all general purpose financial statements that are based on International Financial Reporting Standards (IFRS).

IAS 1 was originally issued by the International Accounting Standards Committee in 1997, superseding three standards on disclosure and presentation requirements, and was the first comprehensive accounting standard to deal with the presentation of financial standards. It was adopted by the IASB in 2001, and as of 2012 the standard was last amended in June 2011; these amendments are effective from July 1, 2012.