Financial Reports

Basis of preparation and accounting policies

These financial statements have been prepared in accordance with International Accounting Standards issued by the International Accounting Standards Board. They are presented in Bahamian dollars (B$).

Revenue recognition

In Cash Accounting revenues are recognized when cash is received, at the time of collection, no matter when goods or services are sold, and deductions are recognized when expenses are paid. Interest income is accrued over the period in which it is earned on the underlying agreements.

 Income/Cash Flow Statements (LIS PTA Treasurer)

Annual Financial Statements Archive (Chartered Accountant)