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OT note Chapter 7 Example 3

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › OT note Chapter 7 Example 3

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by AvatarStephen Widberg.
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  • June 10, 2020 at 8:48 am #573344
    Avatarconfideans
    Participant
    • Topics: 39
    • Replies: 25
    • ☆☆

    I love your lecture, thank you very much.

    Regarding example 3, Forex loss on goodwill is OCI. How could it can be included in the retained earnings not in the other component equity?

    Thank you very much. I am always confused with that part.

    June 10, 2020 at 5:33 pm #573409
    AvatarStephen Widberg
    Keymaster
    • Topics: 17
    • Replies: 3452
    • ☆☆☆☆☆

    I think most companies would use OCE – but SBR isn’t really concerned with reserves – as long as you can have a stab at calculating XD and stating that it goes to OCI

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