Similarities

In presenting the Statement of Changes in Equity (for profit-organization) and

Statements of Changes in Fund Balances (NPO), both of them have the title of the statement
and the reporting period at the top part. Moreover, they both have Remeasurement Gain (Loss)
on Defined Benefit Plan and Fair Value Changes in Financial Assets at FVOCI. In addition, both
statements has balance at the beginning and ending for the given period.

Differences

The Statement of Changes in Equity (for profit-organization) has 3 consecutive period

while the Statement of Changes in Fund Balances (NPO) has only 2 consecutive period. The
Statement of Changes in Equity has capital stock, additional paid-in capital, treasury shares,
retained earnings, and non-controlling interest that the Statement of Changes in Fund Balances
doesn’t have. But it has General and Specific Fund where the profit-organization does not.

Relevant Data about the Statement

Both statements shows comparative figures from the year 2019 and 2020 for NPO and
2019, 2020 and 2021 for profit-organization. Statements of Changes in Fund Balances (for
profit-organization) has ending balance of P665,675,474 on December 31, 2019 which
decreases after a year having 647,211,150 in 2020. On the other hand, there was an excess of
expenses over revenue in the year 2019 and 2020 which amounted to (P2,253,218) and
(P11,428,661). While the Statement of Changes in Fund Balances (NPO) has ending balance of
P31,091,205 on December 31, 2019 which increases after a year having P17,198,851 in 2020
and decreases after a year having P12,094,067 in 2021. On the other hand, there was also a
net loss in the year 2018, 2019, and 2020 which amounted to (P2,645,147), (P13,530,816), and
(P5,670,383).
Summary

Upon checking the Statement of Changes in Equity (for profit-organization) that is being
compared to the Statement of Changes in Fund Balances (NPO), we can notice that there are
only few differences between the two like the term “excess of expenses over revenue” in NPO is
called “net loss” in for profit-organization and also the name of the statements. Overall, though
not all the content of one has the same with another statement, they still have the same purpose
of summarizing the changes in a company’s equity for a period of time.