Other comprehensive income
Other comprehensive income comprises items of income and expense that IFRS standards require or permit to be recognised outside profit or loss. These items contribute to total comprehensive income and may have different later treatment. The revaluation may increase a revaluation surplus in equity; it is not revenue from selling goods.
Worked example
A qualifying upward property revaluation is normally recognised in other comprehensive income.
Common mistake
Treating all gains as operating revenue or assuming all OCI items will later be recycled to profit or loss.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | FA | Direct | September 2026–June 2027 |
| ACCA | FR | Direct | Official assessment-window verification pending |
| ACCA | K1 | Direct | July 2027–August 2028 |
| CIMA | F1 | Direct | Official assessment-window verification pending |
| FIA | FFA | Direct | September 2026–June 2027 |
Related terms
Also called: OCI