Statement of Changes in Equity
The statement of changes in equity must show a reconciliation between the opening and closing amounts of each class of equity (what the FASB would call a ‘roll forward’), separating out the effects of retrospective changes in accounting policies, profit and loss, and other comprehensive income, as well as transactions with owners. In many countries this sort of information is often provided in the notes to the accounts.
Get An Executive Guide to IFRS: Content, Costs and Benefits to Business now with the O’Reilly learning platform.
O’Reilly members experience live online training, plus books, videos, and digital content from nearly 200 publishers.
