- This topic has 3 replies, 2 voices, and was last updated 5 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
- Topics: 51
- Replies: 52
- ☆☆
“Retrospective application means adjusting the opening balance of each affected component of equity… and comparative amounts”
What is the definition of “Component of equity” ?
Is this one that included in SOCE or does it mean asset, liability, expense and income?
Thank you!
Any line in SOCE:
Share capital
Retained earnings
Other components of equityAnd that’s all!
- Topics: 51
- Replies: 52
- ☆☆
We do also change affected asset, liabilities etc isnt it? I am kinda confused because std. only refers to equity components.
Or is it that adjustment in asset etc is made in the ‘comparative amounts’?
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.