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OCI/OCE

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › OCI/OCE

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by MikeLittle.
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  • December 3, 2013 at 7:13 am #149379
    elsie2009
    Member
    • Topics: 34
    • Replies: 61
    • ☆☆

    Hi Mike

    What is the purpose and use of OCI/OCE? Why are transactions recorded in OCI/OCE?

    December 3, 2013 at 9:05 am #149404
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    The section for Other Comprehensive Income is to show increases / decreases in the value of the company which are not as a result of “ordinary activities”.

    So revaluation movements are in there as are remeasurements of employee benefit assets and obligations (to name just two)

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