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Hi Mike,
The removal of the Realised Gains/Losses A/C on the SOFP seems to be a simpler way of dealing with variances. Am I oversimplfying by assuming that everything now just goes to the IS now? Will dig out my text book to have a read but I seem to remember his being the case i.e. settling the gains/losses in the year in which they occur.
Hi Alex
Thanks for re-posting
No, I don’t think that that’s an over-simplification. No more corridor, no more Ugly – in fact nearly all the fun has gone out of employee benefit accounting. The only real issue is perhaps the restriction to the value of refunds and reductions. Probably!
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