1.What is included the complete set of financial statements? (Please list them only; explanation is not required)

2.Fair presentation requires the faithful representation of the effects of transactions, other events and conditions in accordance with the definitions and recognition criteria for assets, liabilities, income and expenses set out in the Conceptual Framework for Financial Reporting (Conceptual Framework).

According to this statement, what should be done to fairly present a transaction?

3.What are the inventory valuation methods, which are acceptable to use, according to IAS 2 Inventories standard?