Continuing my article yesterday, this time I discuss it thoroughly.

C. Report of Changes in Assets / Equity Net

Report of changes in assets / net equity of an entity between two reporting dates describe the increase or decrease in wealth, Based on the particular measurement principles adopted and disclosed in the financial statements. The overall change in net assets or equity presents the total surplus / deficit net for a period, revenues and other costs are recognized immediately as changes in assets / equity and net contributions by each, and contributions to the owner in his capacity as owners.

Report of changes in assets / net equity is at least including:

• Contributions by the owners and distributions to owners in their capacity as owners Election
• Balance to surplus and deficit accumulation in the early period and at the reporting date and movements during the period
• Disclosure of the component assets / equity net separately, and the reconciliation between the carrying amount of each component of net assets or equity at the beginning and end of the period reveal any changes.

D. Report of Cash Flows

Report of cash flows present information about the receipt and expenditure of cash during a specific period. Cash receipts and disbursements were classified according to operating activities, financing activities and investing activities. Cash flow information is useful for users of financial report because the entity provides the basis of estimated ability to generate cash and cash equivalents, and the entity needs to use those cash flows.

E. The accounting policies and notes to financial report

Note financial reports of the entity must:

• Provide information on the basic financial statements and specific accounting policies selected and the sets of transactions and other important events.
• Disclose information required by public sector financial accounting standards, which are not presented in the consolidated financial position, report of financial performance, cash flow report, and statement of changes in assets / net equity, and:
• Provide information that is not presented in financial reports, but the fair presentation requirement remains set.