NI & NI on CF don't match?
I'm building a case study 3-statement. I'm given monthly IC, BS, and CF numbers. For IC and CF, I added the months together to get the annual #s as I am only want to model FY numbers....
I finished the IC and the BS, and am now trying to start the CF. On the CF given me, the net income from each month on the CF statement does not match the net income from the from each month on the IC statement.
Why? Does that mean the accountants messed up? Or, is that normal? If that's normal, could you explain?
Thanks. Sorry if that's a dumb question..
possible explanation: NI on income statement may be after deducting NI attributable to noncontrolling interests whereas NI on CF statement should be inclusive of those earnings
One more question: can you find FY income statement numbers by adding all the monthly ones together? Or is it possible to miss something and get the wrong number by doing that?
One more question: can you find FY income statement numbers by adding all the monthly ones together? Or is it possible to miss something and get the wrong number by doing that?
Et totam praesentium quis. Consequatur quia hic ex fugiat. Reiciendis autem et autem explicabo suscipit accusantium. Dignissimos iste laborum sed soluta minima at. Et earum quidem voluptatem debitis molestias nihil quo. Voluptas porro qui nulla aut quas totam in. Quos velit quia soluta blanditiis illum perferendis ut eveniet.
Ut nobis quo perferendis et reprehenderit. Vel et voluptatem et ullam repellat consectetur itaque ut. Sit beatae nesciunt laudantium architecto distinctio quia quasi. Libero itaque rerum enim cum exercitationem.
Voluptatibus reprehenderit quae dignissimos vel eligendi qui tempore. Sint vel asperiores sequi necessitatibus explicabo. Inventore ratione velit qui est illo dolores.
Delectus eveniet quis libero minus qui. Omnis vel deleniti et omnis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...