Locate and review Brookfield Asset Management's statement of changes in shareholders' equity in its financial statements for the fiscal years ended December 31, 2014 and 2013, at the end of Volume 2 of this text.

Instructions
(a) Identify the shareholders' equity components that are reported on the face of Brookfield Asset Management's consolidated balance sheet. Identify the more detailed components whose changes are reconciled in the statement of changes in shareholders' equity.
(b) IFRS requires a full statement of changes in shareholders' equity, while ASPE requires only a statement of retained earnings. Comment on why users might find a full statement of changes in equity more useful than a statement of retained earnings, referring to your findings in part (a) above. Which of the components found on Brookfield's statement of changes in equity would be similar to those of a private enterprise? Which components are unlikely to be found in the equity of a private enterprise? Explain the source of these equity items.
(c) Review the Capital Management note provided by Brookfield. What does the company include in its definition of "capital," and what are its capital management objectives? How does it determine whether its objectives are being met?