Please refer to revised International Accounting Standard
(IAS-1).
2.
It is clarified that while preparing quarterly, half yearly
and annual financial statements as required under BSD
Circular Letter No. 02 dated May 12, 2004 and BSD Circular
No. 04 dated February 17, 2006, following approaches shall
be adopted for the financial statement prepared w.e.f.
June 30, 2010 and onwards:-
a) For preparation of Profit and Loss Account, two
statement approach shall be adopted as mentioned in
the revised IAS-1 (separate ‘Profit and Loss
Account,’ & ‘Statement of Comprehensive
Income.’)
b) Balance Sheet shall be renamed as ‘Statement
of Financial Position.’
3. Furthermore, the Surplus /
(Deficit) on Revaluation of Available for Sales Securities
(AFS) only, may be included in the “Statement
of Comprehensive Income.” However, the same shall
continue to be shown separately in the Balance Sheet
i.e. Statement of Financial Position below the equity.
4. All other instructions on
the subject shall remain unchanged.