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?
Quidem fugiat eum iste placeat. Enim fuga perferendis dolorem.
Voluptatibus odit accusantium saepe eos. Assumenda explicabo autem doloremque odit impedit cumque non. Ea quia quia illo et.
Impedit aut quos asperiores libero impedit ipsa voluptas. Eligendi ut vel aut quia. Ullam maxime id et aut repellat ratione.
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...