Part 5: What lies beneath – the statement of changes in equity

Is this a new primary statement?

Yes…but there is a vague similarity to the old UK GAAP reconciliation of movements in shareholders’ funds. Both statements provide a reconciliation of amounts available to the owners of the company but FRS 102 requires the statement of changes in equity (SOCIE) to be presented as a primary statement. It also requires a more detailed analysis of the movement in the period for each component of equity.

Click here to read the full article.


Jeremy Willmont

Related links

Restructuring and insolvency