Tomorrow we are doing the Statement of comprehensive income (replaces Statement of Financial Performance).
I will go over the format - minimum requirements for what should be disclosed on the face of the statement and go over some of the adjustments that will impact on this statement.
we will work through some depreciation calculations and revaluation adjustments that hit equity (revaluation reserve) or the income statement depending on the extent of the revaluation gain compared with the expense incurred on the same asset previously.
Christina will work through a 2008 exam with you - where you will do some journal entries and adjustments as we have done before!
Lecture notes are here!
http://www.scribd.com/doc/22671196
See you tomorrow!
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