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<h1>Ind AS 001 sets structure and content guidelines for financial statements to ensure comparability across entities and time.</h1> Ind AS 001 outlines the framework for presenting general-purpose financial statements to ensure comparability with an entity's past financial statements and those of other entities. It establishes guidelines for the structure and minimum content requirements of these statements. The standard applies to entities preparing financial statements under Indian Accounting Standards, excluding condensed interim statements under Ind AS 34. It is primarily designed for profit-oriented entities, including public sector businesses, but may require adjustments for not-for-profit entities or those with non-equity share capital. General-purpose financial statements are intended for users unable to obtain custom information.