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OCI and ECL

This topic has 1 reply, 2 voices, and was last updated 3 years ago by Stephen Widberg.

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September 1, 2022 at 12:32 pm #664830
akhila.vijay93
Participant
- Topics: 41
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CARSOON (KAPLAN question. 51
Hi Sir,
Can you explain why the impairment of $0.7million is being charged like this ‘$0.4million in P&L and $0.3 in OCI’
And if your saying that $0.4million is due to ECL then why it is being recognised through P&L not OCI because it is mentioned above in the question that ECL allownace in recognised in OCI?
September 1, 2022 at 4:34 pm #664864
Stephen Widberg
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If it sounds like a bad debt, then there will, an all likelihood, an expense in the profit and loss – because that’s where bad debts go. They don’t go in OCI.
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