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Derecognition of financial assets

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Derecognition of financial assets

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.
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  • June 16, 2020 at 5:40 am #573946
    confideans
    Participant
    • Topics: 39
    • Replies: 25
    • ☆☆

    On a subsequent disposal of an investment in shares, gains or losses previously recognised and held in other components of equity can be transferred to retained earnings in the statement of changes in equity.

    Is it still relevant?

    Thank you very much.

    June 16, 2020 at 1:06 pm #573974
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3401
    • ☆☆☆☆☆

    That is true but they CANNOT be transferred to the profit and loss account

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