FVTOCI: Difference between revisions
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Fair Value Through the statement of Other Comprehensive Income. | Fair Value Through the statement of Other Comprehensive Income. | ||
Changes in fair value are ''not'' reported through the statement of profit or loss, | Changes in fair value are ''not'' reported through the statement of profit or loss. | ||
Instead through the statement of other comprehensive income. | |||
In practice, the statement of profit or loss and the statement of other comprehensive income may be presented as a single combined statement. | |||
However, in any even the FVTOCI item will not appear in the statement of profit or loss part. | |||
Revision as of 16:18, 17 August 2016
Financial reporting.
Fair Value Through the statement of Other Comprehensive Income.
Changes in fair value are not reported through the statement of profit or loss.
Instead through the statement of other comprehensive income.
In practice, the statement of profit or loss and the statement of other comprehensive income may be presented as a single combined statement.
However, in any even the FVTOCI item will not appear in the statement of profit or loss part.
