![]() ![]() In terms of non-cash assets, the increase or decrease in the carrying amount which is distributed to the owners as a result of changes in the fair value of such assets.For each class of contributed equity, the accumulated balance of ‘other comprehensive income’, and ‘retained earnings’.Components of Shareholder’s EquityĪ statement of equity generally summarises the changes in the equity components listed below: Details of changes and the impact when components of equity are restated or applied retrospectively in accordance with the IAS/Ind-AS 8.Ĭomprehensive income is those income listed after the net income on the income statement.Details of comprehensive income for the accounting period.Reconciliation of the opening and closing balances of equity, describing the changes in detail.As per the IND AS, this statement of changes in equity is to be presented and it includes the following: Under Indian GAAP, there is no requirement for this statement however, Schedule III of the Companies Act 2013 requires such movement in shareholder’s equity to be presented as part of notes to accounts. However, this will not provide the details of the changes that have happened in the equity and for this purpose, this statement of changes in equity is required. ![]() This information can be obtained from the balance sheet of the entity. The difference between the assets and liabilities from one accounting period to the next will give you the movement in equity. Why is the Statement of Changes in Equity Needed? ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |