OTHER COMPREHENSIVE INCOME (OCI) – IND AS

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. 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.

To read the full Blog please click - https://www.takshilalearning.com/other-comprehensive-income-oci-ind-as-ifrs/

Join Diploma in IFRS online classes at Takshila Learning.

Want to get an ACCA DipIFR certification, take IFR Course Online, and start your preparation today without any delays.

Takshila Learning helps you in this, we provide ACCA International Financial Reporting Standards Online Classes along with faculty support. So, prepare yourself for ACCA Certification now with our DIPIFR expert faculty ACCA Amit Kumar.

Comments

Last Minute Tips to Crack SSC CGL 2019-20 (Tier-I) Exam

Last-Minute Tips to Crack SSC CGL 2019-20 (Tier-I) Exam 1. Don’t read any new topic at the last moment · Try to avoid studying any new topic at the last moment. Just revise what you have already studied. 2. Don’t forget your Admit Card, Photograph and ID Proof · Take a print out of your admit card and original photo identity proof, 1 photo and photocopy of the ID proof. Reach the examination center before time to avoid any last-minute trouble. 3. Maintain your Speed & Accuracy and Maximize your Score · Speed and Accuracy are two important factors to crack any competitive exam. Speed will help in maximizing the attempts while accuracy will ensure that you don’t end up losing marks as the negative marking of 0.5 marks for wrong answers is there. 4. Attempt according to the strategy you followed in the mock tests · Make sure you attempt the easier section first. The exam should be attempted with the same strategy you fol

Magnetic and non-magnetic material Class 6 Science

Magnetic and non-magnetic material Class 6 Science A magnet is a substance that is drawn to certain magnetic materials like iron, cobalt, and nickel. Magnets have the ability to draw iron to them. Natural magnets are rocks that naturally draw iron. Non-magnetic materials include things like wood, rubber, coins, feathers, leather, etc. that are not drawn to iron. Magnet characteristics It pulls magnetic materials, such as iron. The magnet's two ends are referred to as its poles. The magnet's diametrically opposed poles are drawn together. Heating, hammering, or dropping causes it to lose its characteristics. On the basis of properties types of Magnets Temporary magnets are those magnets that are magnetic for only a little duration. Typically, iron, cobalt, or nickel are used to make them. When they are close to the powerful magnet, they act like a magnet. When they are yanked away from the powerful magnet, they stop being magnetic. Permanent magnets are magnets that have magne

Why is Hindi Day celebrated on 14 September?

Why is Hindi Day celebrated on 14 September? After independence, the Government of India set a goal to give an ideal form to the mother tongue of the country and set a target for grammar and orthography using the Devanagari script to bring standardization in writing. Subsequently, on September 14, 1949, the Constituent Assembly decided by a vote that Hindi would be the official language of India. To propagate the importance of this decision and to spread Hindi in every region, India is celebrating Hindi Day every year from 1953 to 14 September, at the request of Rashtrabhasha Prachar Samiti, Wardha. Apart from this, 14 September is also the birthday of Rajendra Singh, who worked tirelessly to make Hindi the official language of India. Hindi Day is observed every year on 14 September to mark the importance of the Hindi language in the country. The Hindi language is one of the oldest languages, which derives most of its academic vocabulary from the Sanskrit language written in the Deva

Takshila Learning - Online Tutorials

Search This Blog