TRAINING Day 3

Restatement & Reclassification

Restatement when the total value has changed
Assuming you have 2014 ORG and you got the 2015 ORG (this
comes with prior period 2014 data. You compare the attached 2014
data with the 2014 ORG.
Updating every 2 years
Totals to look are at given:
o BS Total Assets (XTOT)
o IS Net Income (XNCN
o CF Net Change in Cash (XNCC)
Reclassification total value hasnt changed but the other balancing items have.
Occurs when there is change in the metadata (Currency) and/or there are
newly added items.
Non-Comparable Flag discrete values do not add up to the YTD values we flag
the latest periods as non-comparable.
You have info of Q13, Q23, and Q26. But 3+3 does not = 6. In this case,
Q13 will be restated so that when added to Q23, it will = Q26. When flagged as
NC Q23 & Q26, upon Main Saving, automatic AMP of Q13 will occur.

Totals to look at:

o IS:
Total Rev
COGS
Operating Profit
Net Income Before Tax
Net Interest & Dividend Income
Total Non-Recurring Income/Expenses
Total interest expense, net of interest income
Provision for Loan Losses
o CF:
Cash Flow from Operating Activities
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Net Income/Loss (starting line)

Collection Policy all changed or new values for prior period, reported in later
filings, should be collected in a new column (PRESERVE ORIG).
Restatements collected: RES

Reclassification collected: CLA

Collection of Unchanged Value Items
Copy over values from prior document and just chance the values that are
in need of changing.
Applicability
RES and CLA applicable to all the document types
If either discrete or YTD is not reported, we will calculate the
missing period but follow a match principle on different source
types

Point-In-Time
Describes the collection process of data during a specific point in time.
The typical process of getting the data is as follows;
1. Prelim-Press
2. Final
3. Amendments (in there was something that needed to be fixed within the
current time period) Need not be done if changes do not affect financial
position
4. RES/CLA (usually happens 1 year later)
*Results will not even be overwritten.
*Balance sheet, not easily amendable in terms of accounts because it shows its
asset and liability position of said period.
* Income Statement shows the movement of revenue making it easily possible to
conduct the period calculations.
Principle 1
Principle 2
Principle 3
Same document type: Match principle
Principle 4
Amendments
Every filing with unique DocumentID will be collected in one column,
overwritten is not allowed.
If there is any change in value in the Amendment report compared to Final
document, this will be collected in a new column with the update type
AMD
Updates Include: unchanged and the newly reported data

Capture all unchanged value items, using the copy function

Guideline: To identify if the document is an amended document of the previous

annual data
Amendment document can only become available after the final
document is available
There are markets that have explicit document types i.e.
Amendments (10kA, 10Qa USA).
Statement Instances
Fiscal Year End:
On or before 15th Jan Previous Calendar Year
Ends after 15th Jan Current Calendar Year
Part I: Periods
Fiscal Year
Cumulative (YTD periods)
Annual ?
Transitional ?
Fiscal Year
Cumulative if its YTD (i.e. Q26, Q39)
Transitional If there is a year end change
AnnualReported If period is Annual
Part II: Source
Document ID is given to each type of document. We can find the Doc. ID from TR
Document Library.
Statement Date what the date of the statement you use is
*Capital Change Adjustment When there is a stock split (cumulative adj Factor
is automatically done)
*If there is NO stock split, Statement Date and Capital Change Adj is the same.
*Filing Date: Unknown => Estimated (tick)
Date that the company put it out on the Stock Exchange
Part III. Statement Level details
Format
Differentiated assets are splits

Non-differentiated assets are grouped

Derived - Calculated
Detailed Specific Section only. Prevents wholly data edit
Preliminary cell is from Prelims.
Express Income Statement Update only.
Flash During Phase only (to be further discussed)
Auditors Excluded Tick when there are financials that werent audited
Pro Forma if theres an IPO