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Oci

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Oci

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • October 29, 2016 at 3:47 pm #346572
    voudouri
    Member
    • Topics: 18
    • Replies: 12
    • ☆

    Which is the difference between other comprehensive income and income statetment?

    October 29, 2016 at 3:58 pm #346575
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Statement of Profit or Loss (not ‘Income statement’) shows income and expense of ongoing normal trading activities whereas Statement of Comprehensive Income shows matters such as revaluation changes and gains / losses from pension funds (not in F7 syllabus)

    October 29, 2016 at 6:42 pm #346589
    voudouri
    Member
    • Topics: 18
    • Replies: 12
    • ☆

    And what about income statement? What it shows?

    October 29, 2016 at 8:48 pm #346592
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    There’s no such thing as an “Income Statement”

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