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Is it acceptable to compare financial statement with different year end? Any pass graduate can share?
Yes you can! The different year end does not matter its the financial figure that you are analyzing.
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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
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.
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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.
I had the same problem. I have used the re-stated figures and mentioned the reason behind the re-stated financial statements.
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