Individual feedback with other students Overall ASS#2 Overall very well done in your restatement I think you have done a (Steps 3 & 4) fantastic job a few minor changes and it will be done. Don’t forget to – provide a word document with some comments. Any questions please let me know. Feedback From: Tiffany Feedback To: Reannan Parle My Comments Step 3 SOCIE: Restated You have linked all the necessary cells and used formulas Statement of Your final total matches back to the original statement Changes in Equity It is formatted well perhaps delete some of the extra lines – I am surprised you did not have any CI to differentiate between – very jealous!! BS: Balance You have linked all the necessary cells and used formulas Well formatted perhaps remove the bold and italics off row 49 – column b and add a sum line to row 50 (same as what is on row 55 Cash allocation calculation done correctly and has been appropriately linked As you have higher FO as indicated by the total NFO, perhaps you should list these items before the FA this will not change the total – just remember in the lecture that the higher figure should go first – Your formula of NOA = NFO + Equity is correct and equals. Well done It appears all of your classifications are correct in my very novice – opinion! IS: Income Statement You have linked the numbers cells and used formulas where appropriate I noticed that the wording had not been linked, but when I referred to the original I realised very little be linked perhaps you – should review those few lines that can be revenue, profit on – subsidiary, net operating expenses, finance costs and taxation Operating profit before tax should appear after operating expenses and should be the formula between the total operating income and total operating expenses I realised that you had to working out the finance income as the number cells related to revenue were not linked (and the same goes for finance income). Perhaps you could make that change to the original statement so you could link the cells. Or alternatively as you had to decrease the amount of revenue from what was reported in the income statement you could provide a calculation like you did for the cash allocation and link from that It appears that the income statement has not been fully restated with two total lines missing NFE after tax & Comprehensive net –
Individual feedback with other students Overall ASS#2 (Steps 3 & 4) Overall very well done in your restatement I think you have done a fantastic job – a few minor changes and it will be done. Don’t forget to provide a word document with some comments. Any questions please let me know. Feedback From: Tiffany Feedback To: Reannan Parle My Comments Step 3 Restated Statement of Changes in Equity Balance Income Statement SOCIE: You have linked all the necessary cells and used formulas Your final total matches back to the original statement It is formatted well – perhaps delete some of the extra lines I am surprised you did not have any CI to differentiate between – very jealous!! BS: You have linked all the necessary cells and used formulas Well formatted – perhaps remove the bold and italics off row 49 column b and add a sum line to row 50 (same as what is on row 55 Cash allocation calculation done correctly and has been appropriately linked As you have higher FO as indicated by the total NFO, perhaps you should list these items before the FA – this will not change the total – just remember in the lecture that the higher figure should go first Your formula of NOA = NFO + Equity is correct and equals. Well done It appears all of your classifications are correct – in my very novice opinion! IS: You have linked the numbers cells and used formulas where appropriate I noticed that the wording had not been linked, but when I referred to the original I realised very little be linked – perhaps you should review those few lines that can be – revenue, profit on subsidiary, net operating expenses, finance costs and taxation Operating profit before tax should appear after operating expenses and should be the formula between the total operating income and total operating expenses I realised that you had to working out the finance income as the number cells related to revenue were not linked (and the same goes for finance income). Perhaps you could make that change to the original statement so you could link the cells. Or alternatively as you had to decrease the amount of revenue from what was reported in the income statement you could provide a calculation like you did for the cash allocation and link from that It appears that the income statement has not been fully restated with two total lines missing – NFE after tax & Comprehensive net
assignment-2-step-3.docx