Balance of Retained Earnings

Balance of Retained Earnings

A financial statement declaring a company's retained earnings at the beginning and end of an accounting period. It begins with the unadjusted retained earnings from the previous accounting period, then lists adjustments, adds net income, and subtracts dividends paid. The final entry lists the retained earnings at the end of the accounting period. The balance of retained earnings is published along with a balance sheet.
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The total available for appropriation for last year, along with the balance of retained earnings brought forward from previous years, is BD2,753,735, it was announced.
The effect of the change to fair value was reflected as a cumulative-effect adjustment to the opening balance of retained earnings and the changes to fair value after that date as a component of current earnings reflected in the income statement.
On an unconsolidated basis, Fujitsu Limited had a negative balance of retained earnings for fiscal 2006 ended March 31, 2007.
This fresh look may require an adjustment to the beginning balance of retained earnings in the year of adoption for uncertain tax positions that do not meet this new standard.
When a prior period adjustment is made, the beginning balance of retained earnings is adjusted.
Instead, they will report any necessary adjustment as an adjustment to the opening balance of retained earnings for the earliest period presented.
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