ACCA考试科目 P7 comparative v/s corresponding figures?

Well, ISA 710 Comparative focuses on both these concepts and requires that comparative FIGURES comply in all material respect with identified financial reporting framework.

Comparative figures are categorized into two:
1. the corresponding FIGURES
2. the comparative FINANCIAL STATEMENTS

now the comparative financial statement is simple. If you had the opportunity to look at an original financial statements followings IFRS/IASs you will see that they show two set of data/figures. one relating to the current year and the other relating to prior year. Its the standard IAS 1 that requires previous year similar item amounts be shown in the current FS. On the other hand ISA 710 focus what auditor needs to check relating to current year figures compared to previous. They last year figures in the current year Financials are comparatives. And are only for comparison purpose only.

Corresponding figures
prior period information where amounts and other disclosures for the prior period are included as an integral part of the current period financial statements, and are intended to be read only in relation to the amounts and other disclosures relating to the current period. These are basically the info about last year in the DISCLOSURE AREA.

hope this helps

Well, ISA 710 Comparative focuses on both these concepts and requires that comparative FIGURES comply in all material respect with identified financial reporting framework.

Comparative figures are categorized into two:
1. the corresponding FIGURES
2. the comparative FINANCIAL STATEMENTS

now the comparative financial statement is simple. If you had the opportunity to look at an original financial statements followings IFRS/IASs you will see that they show two set of data/figures. one relating to the current year and the other relating to prior year. Its the standard IAS 1 that requires previous year similar item amounts be shown in the current FS. On the other hand ISA 710 focus what auditor needs to check relating to current year figures compared to previous. They last year figures in the current year Financials are comparatives. And are only for comparison purpose only.

Corresponding figures
prior period information where amounts and other disclosures for the prior period are included as an integral part of the current period financial statements, and are intended to be read only in relation to the amounts and other disclosures relating to the current period. These are basically the info about last year in the DISCLOSURE AREA.

hope this helps