This time around I found providing feedback a little more beneficial it helped me find errors in my – spreadsheet that I may have overlooked. This especially ran true when it came to deciding what headings to use NFA, NFO, NFI, NFE etc. – *PROBABLY NEED TO EXPAND A LITTLE BIT HAVING TROUBLE ARTICULATING MY THOUGHTS – NOW* Feedback Given: FEEDBACK FORM ASSIGNMENT 2, STEPS 3 & 4 – Feedback From: Tiffany Treen Feedback To: Danielle Nicol My Comments Step 3 Restated SOCIE: Statement of You have linked from your original statement and used sums Changes in Equity You have not linked the wording of the line items from your original statement perhaps something to consider – Statement is easy to read appears formatting is consistent – Your equity at Y/E matches your original statement great work – I am a little confused by your choice to include some line items from row 13 21 as income’ rather than leaving them – ‘comprehensive Balance Sheet under the heading of with shareholders’. Based on ‘transactions your original statement, I would have only used the line item of comprehensive income’. As I can see you classified it as ‘other operating, you would then have no financial comprehensive income I believe the total operating CI & financial CI in our SOCIE should – match the totals in our restated income statement
This time around I found providing feedback a little more beneficial – it helped me find errors in my spreadsheet that I may have overlooked. This especially ran true when it came to deciding what headings to use – NFA, NFO, NFI, NFE etc. *PROBABLY NEED TO EXPAND A LITTLE BIT – HAVING TROUBLE ARTICULATING MY THOUGHTS NOW* Feedback Given: FEEDBACK FORM – ASSIGNMENT 2, STEPS 3 & 4 Feedback From: Tiffany Treen Feedback To: Danielle Nicol My Comments Step 3 Restated Statement of Changes in Equity Balance Sheet SOCIE: You have linked from your original statement and used sums You have not linked the wording of the line items from your original statement – perhaps something to consider Statement is easy to read – appears formatting is consistent Your equity at Y/E matches your original statement – great work I am a little confused by your choice to include some line items from row 13 – 21 as ‘comprehensive income’ rather than leaving them under the heading of ‘transactions with shareholders’. Based on your original statement, I would have only used the line item of ‘other comprehensive income’. As I can see you classified it as operating, you would then have no financial comprehensive income – I believe the total operating CI & financial CI in our SOCIE should match the totals in our restated income statement