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Pro-forma of SOFP needed?

This topic has 1 reply, 2 voices, and was last updated 8 years ago by P2-D2.

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November 25, 2017 at 11:06 am #417925
tarek786
Member
- Topics: 2
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Hi.
After doing all the workings for the SOFP/SOPL. Is it required to then list the totals into an actual pro forma.
The marking is based on each working e.g PPE, Retained earnings. and not pro-forma. So I am not sure if its required?
November 25, 2017 at 11:24 am #417936
P2-D2
Keymaster
- Topics: 4
- Replies: 7228
Hi,
I’d recommend that you do it for the SFP but just total up the numbers on the SPL working. There are marks elsewhere in the SFP for adding the assets/liabilities and making the adjustments.
Thanks
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