(Solution Download) IFRS requires statements of changes in shareholders equity ASPE only


IFRS requires statements of changes in shareholders' equity. ASPE only requires a statement of retained earnings.
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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