Soce

NickyW

I am doing DFS by distance learning. In my notes it says that we wont have to produce a Statement of Change in Equity - consequently I have tended to skip over this bit. Is this right or should I be looking into this a bit more in depth!!
Nicky

tallrodney

You are correct but you will have to do the part related to retained earnings for your balance sheet. Its quite straighforward

Profit for the year
Add Retained earnings
Less dividends paid (make sure it is onlt the dividends that have been paid during the year)