1.

Items of dissimilar nature or function

Must be presented separately if material
2. Materiality depends on
The relative size and nature of the omission, misstatement or obscured information
The nature, omission, misstatement or obscured information
The absolute size of the omission or misstatement
The judgment of the management
3. An entity must disclose comparative information for
The previous comparable period for all amounts and for all narrative and descriptive
information when it is relevant to an understanding of the current period’s financial
statements
The previous comparable period for all months
The previous comparable period for all amounts and for all narrative and descriptive information
The previous two comparable periods for all amounts
4. When the classification of items in the financial statements is changed, the entity
Must reclassify the comparative amounts unless it is impracticable to do so
Must not reclassify the comparative amounts
Can choose whether or not to reclassify
Must reclassify the current year amounts only
5. An entity shall present
Each financial statement with equal prominence