The first step in the procedure for preparing Statement of Changes in Equity is clicking on Edit Components of equity.
It deselects the components of equity to disclose, and an option windows pops up.
Below is the step-by-step guide and illustration on how to prepare Statement of Changes in Equity (“SOCIE”).
N1 - Click on the “Edit Components of equity” to deselect the components of equity to disclose.
It will then populate an option window.
·Foreign currency translation reserve - resulting from retranslation of of foreign-currency denominated financial statements