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?
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