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Refer KIT (Kaplan) Ques SAVAGE…
If a company doesnot follow the corridor approach for recognition and recognize the actuarial gain/loss in SOCI or Statement of other Comprehensive Income then we end up in having Net Actuarial Gain/Loss.
Now, while preparing Financial Statements extract and Movement in Net Liability (Reconciliation) where we should record the above Net Actuarial Gain/Loss???well the actuarial gain or loss is recognized in SOCI so no need 2 take that in SOFP I guess…….
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You recognize such gains and losses directly through equity, thus SoFP
recognise the acturial gain or lose on obligation and plan asset in other comprehensive income.
but normally question will test on 10% corridor.
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