AS40Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › AS40This topic has 1 reply, 2 voices, and was last updated 4 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts May 24, 2019 at 5:23 pm #517185 aliahmed1994MemberTopics: 38Replies: 51☆☆Hi Chris, when we transfer the asset from IAS 2 to IAS 40 we revalue it, and the gains and losses goes to PNL, but in OCI there is no need to adjust it right?? May 24, 2019 at 7:42 pm #517208 P2-D2KeymasterTopics: 4Replies: 6904☆☆☆☆☆Hi,Yes, the standard states that the difference is recognised through profit or loss, so we do not need to adjust OCI.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In