June 2011
Intermediate to advanced
240 pages
5h 35m
English
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.
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