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If a company restates the previous years annual report figure in every year’s latest annual report which figures should be taken? If the restated figures are taken then there is no data to explain particular figure change reason because the restated figures are only provided for current year comparison. in this case, what should be done?
Generally, restatement happens either due to correct of a prior year error or change in accounting policy and disclosure notes should are given in the financial statements explaining the impact on each line item.
You should use restated numbers for your analysis.
My topic is 20 and my company has restated their annual report each year because the company sold subsidiary. if the subsidiary is sold, they restated the previous years figures by showing the business under disconnected operation in the latest annual report as if the subsidiary was disconnected from the previous year. for non financial data they excluded the disposed subsidiary results from the latest annual report and also restates the previous year report. In this situation which data i should select?? the restated one or the actual data from the particular year??
I see. for topic 20, what exact information you are trying to get/use for the subsidiary? If you can let me know, I or someone else shall be able to guide better.
I want to evaluate the performance of the company using profitablity and investor and their non financial performance such as green house gas, water consumption, etc. which sets of data should be used? the restated or actual data from particular year? if I use restated figure should I mention this in my limitation of information gathering that I used restated figures as the company is restating the figures every year and this is the updated one?
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