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What is Comparative Information?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › What is Comparative Information?

  • This topic has 1 reply, 2 voices, and was last updated 12 years ago by Ken Garrett.
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  • November 20, 2012 at 9:40 pm #55537
    kriselda
    Member
    • Topics: 6
    • Replies: 24
    • ☆

    I need help in understanding Comparative Information and the two categories of it wich are Corresponding figures and Comparative financial statement
    Thanks in advance

    November 21, 2012 at 7:37 am #108066
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10591
    • ☆☆☆☆☆

    Corresponding figures are usually the previous figures just printed along side the figures in the current financial statements.

    Comparatives, strictly comparative financial statements is whole set of prior financial statements appended to the current FS.

    Confusingly, comparative information can be presented using either corresponding figures or comparative financial statements.

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