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How do you compare financial statement with different year end.?

Forums › OBU Forums › How do you compare financial statement with different year end.?

  • This topic has 8 replies, 8 voices, and was last updated 11 years ago by amb222.
Viewing 9 posts - 1 through 9 (of 9 total)
  • Author
    Posts
  • May 11, 2013 at 6:59 pm #125192
    derricklau
    Member
    • Topics: 5
    • Replies: 5
    • ☆

    Is it acceptable to compare financial statement with different year end? Any pass graduate can share?

    September 16, 2013 at 5:56 pm #140589
    hasanali95
    Member
    • Topics: 239
    • Replies: 248
    • ☆☆☆

    Pls somebodyhelp cz i have the same qs?

    September 17, 2013 at 8:01 pm #140699
    mytuitions
    Member
    • Topics: 0
    • Replies: 9
    • ☆

    Yes you can! The different year end does not matter its the financial figure that you are analyzing.

    September 18, 2013 at 6:15 am #140733
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 15
    • ☆

    Yes you can.

    It is common to compare F/S of research with different year ends. Rem: what you are comparing is the FYs of each of them which is usually a 12 months period. But remember to state any limitation this may cause on your analysis

    April 5, 2014 at 1:33 pm #164451
    obuahmed
    Member
    • Topics: 5
    • Replies: 14
    • ☆

    Hi everyone,
    I need your help.

    I came have found out some figures in the previous year’s annual accounts are different when they have been re-stated in the latest year.

    What figure should i take for the RAP?

    I have emailed them and they haven’t replied.

    I am hoping to mention this in the RAP and use the most recent year’s figures as I am running late on time.

    What do you think about this? Any help you can give on this will be appreciated deeply.

    April 5, 2014 at 2:52 pm #164456
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 31
    • ☆

    These are prior period adjustments, you will need to read annual reports and notes to the accounts to understand the reason behind them. Then you can state that reason in your RAP as an explanation behind the change.

    April 5, 2014 at 8:46 pm #164491
    obuahmed
    Member
    • Topics: 5
    • Replies: 14
    • ☆

    Thank you so much. You made my day 😀

    April 6, 2014 at 8:15 am #164508
    am4nd4
    Member
    • Topics: 1
    • Replies: 3
    • ☆

    I had the same problem. I have used the re-stated figures and mentioned the reason behind the re-stated financial statements.

    May 2, 2014 at 5:14 pm #167150
    amb222
    Member
    • Topics: 2
    • Replies: 5
    • ☆

    Hello,

    Has anyone been penalised for doing topic 8 with companies with different year ends?

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    Posts
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