i am working on topic 8..the values in an SOCI and SFP of the competitor’s 2010 annual report are given for a 13 months’ accounting period. They are not restated. Should i restate them to make the figures comparable? or should i use them as it is and mention that it was a 13 months’ accounting period? which treatment is preferable? please guide.
my mentor asked me to go with 13 months figures, ie, as they are in the annual report, but wont that make the analysis incorrect, misleading? he asked me to mention that the data is of 13 month accounting period in the appendix.. i am still confused though
Your point to taper down profit and loss figures to 12 months sounds fine. other wise you can not compare, comparison means oranges with oranges and apples with apples. If you go with 13 months mention this in limitations.
thank you for replying .. my mentor also asked me to concentrate on a few ratios and advised me not to work on all of them due to word limit.. what do think about that? the samples that i have contain almost all the ratios.. i am very doubtful at the moment.. i dont know what will become of my RAP…
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