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OTHER COMPREHENSIVE INCOME (OCI) – IND AS | DipIfr


Other Comprehensive Income (OCI) - IND AS - DipIFR

The concept of Other Comprehensive income to an extent resolves the issue of defining the earnings in earnings per share (investor’s ratio) as it has cushion for too many gains and losses that were non-operational, unrealized, outside the control of management, and not relating to the accounting period.

All non-owner changes in equity i.e., comprehensive income are required to be presented in a single statement of profit and loss, with profit or loss and other comprehensive income presented in two sections.

All non-owner changes in equity i.e., comprehensive income are required to be presented in a single statement of profit and loss, with profit or loss and other comprehensive income presented in two sections. The sections shall be presented together, with the profit or loss section presented first followed directly by the other comprehensive income section.

In other words, we can understand them as

The changes to the net worth of the company resulting from the day to day operations or impacted by the decisions of the stewards of the business.

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