Amounts

Use amounts from the financial statements to be audited or the trial balance from which those financial statements will be prepared. If not available, use annualized amounts from the most recent interim financial statements.
For revenue, use an annualized amount even if the audit period is shorter than a year.
Use historical averages based on the past two or three years when any of the following are true:
  • Current amounts are unavailable
  • Significant audit adjustments are expected
  • Significant changes in the entity's circumstances indicate current amounts are not representative of the entity's results of operations or financial position.