IFRS requires statements of changes in shareholders' equity. ASPE only requires a statement of retained earnings. Instructions
Question:
Instructions
(a) Discuss why these differences occur.
(b) Review the statement of changes of Lufthansa AG (available at www.lufthansa.com) for the year ended December 31, 2011.
1. Explain the various components that are reconciled in the statement of changes.
2. Comment on why users might find the statement of changes in equity more useful than a statement of retained earnings.
3. Which of these components found on Lufthansa's statement for changes in equity would be similar to a private enterprise?
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The type of ownership structure and the nature of transactionsevents determine the types of accounts that affect the equity section In a corporation C...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-1118300855
10th Canadian Edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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