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3 Cards in this Set
- Front
- Back
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GAAP Statement of Changes in Stockholder Equity Presentation |
1) Column headings identify individual stockholders' equity accounts 2) Events changing stockholders' equity accounts are listed chronologically to the left 3) The body of the statement is presented in terms of the dollar impact of various transactions and events 4) The impact of the transactions on the number of shares of stock, if any, is presented in the descriptions to the left 5) The ending balances tie to the items presented in stockholders' equity section of the BS on the same dates |
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IFRS Statement of Changes in Stockholders' Equity Presentation |
1) IFRS uses the term reserve (GAAP does not) for comprehensive income items and transactions related to convertible stock option contracts 2) IFRS includes "revaluation surplus" related to revaluation of property, plant and equipment; mineral resources; and intangible assets 3) IFRS uses different stock account titles. Instead of "common stock" IFRS uses "Share Capital" 4) IFRS preferred shares (preference shares) are accounted for similar to common stock. Reported at par value with any premium reported as "share premium" 5) IFRS accounts for treasury stock retirements only by charging an excess in purchase price and issue costs to paid in capital |
