Statement of Changes in Equity

Question 1

what does the SOCE show

Answer 1

change in owner’s equity over an accountign period

Question 2

examples of things that change equity

Answer 2

share capital issue
bonus issue
changes in accounting policies
correction of prior period errors
dividends

Question 3

components of SOCE

Answer 3

Opening balance 
Effect of Changes in Accounting Policies (IAS 8) 
Effect of Correction of Prior Period Error (IAS 8) 
Changes in Share Capital
Dividends
Income / Loss for the period
Changes in Revaluation Reserve
Closing Balance