Items tagged with "RetainedEarningsMember"

3.1 Restatements

Issued: 2/25/11

Impact: All US GAAP

Reporting Disclosure

3.1.1 Opening Balance Adjustments

Issue Depending on the filer, restatements of opening shareholders’ equity is being handled in a number of different ways.  In the example below, a company has adjusted their opening balance. We have seen this handled in a number of different ways.  Concentrating on the Retained earnings, the following approaches have been observed. Approach 1 The […more]