- This topic has 0 replies, 1 voice, and was last updated 7 years ago by
.
Viewing 1 post (of 1 total)
-
Posts
-
Dear tutor,
Should the limitation of the net defined asset resulting from the asset ceiling be recognised in P/L or OCI.
The BPP P2 study text goes as follows:
“… The net defined benefit asset would be reduced to the asset ceiling threshold. Any related write down would be treated as a re-measurement and recognised in [b]other comprehensive income [/b]But in the video available here on opentuition, the professor says that the adjustment relating to the asset ceiling should be taken to P/L.
Am I misunderstanding something?
What is the right treatment please?
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.