DFS June 2009

sainty

i'm just revising the June 09 paper and doing the Part B 1.3 question, i can complete the Consolidated Statement of Financial Position but not the Consolidated Statement of Changes in Equity. this wasn't covered by our tutor and there is nothing in the Osbourne Book regarding this. Any ideas.

Thanks

rachy1975

sainty wrote: »

i'm just revising the June 09 paper and doing the Part B 1.3 question, i can complete the Consolidated Statement of Financial Position but not the Consolidated Statement of Changes in Equity. this wasn't covered by our tutor and there is nothing in the Osbourne Book regarding this. Any ideas.

Thanks

im not sure but i think they are:

The retained earnings..
Balance at beginning of year
add profit from income statement
less dividends paid
equals balance at end of year...

if youhave the osbourne book there is an extract on page 47

hope this helps but please dont quote me on this, its just what i could find

bemusedstudent

I think it only asks for the consolidated balance sheet?

taskey

bemusedstudent wrote: »

I think it only asks for the consolidated balance sheet?

that is what i thought, have just done june 09 and did a cosolidated SOFP nothing out of the ordinary - unless i am missing something?

Tracy

emmap2

taskey wrote: »

that is what i thought, have just done june 09 and did a cosolidated SOFP nothing out of the ordinary - unless i am missing something?

Tracy

I have just done it as well, and I can see nothing about Statement of changes in Equity,
in fact does anyone know it it has come up in a previous paper so I can practise.

taskey

not that i have seen.

sainty

DFS June 09

Think i'm worrying about nothing, only need to complete CSOFP as there is no Consolidated Income Statement. Thanks for your replies

katie2620

sainty wrote: »

i'm just revising the June 09 paper and doing the Part B 1.3 question, i can complete the Consolidated Statement of Financial Position but not the Consolidated Statement of Changes in Equity. this wasn't covered by our tutor and there is nothing in the Osbourne Book regarding this. Any ideas.

Thanks

If you go into the study zone in myAAT someone has redrafted the June 2009 paper and everything you need is there.
The document is called- The presentation of financial statements: an illustrative guide