Dear Mike,
I am aware we should include
Net gains not recognised in Statement of Income (Would gain from revaluation be included here?)
Net profit for period:
Could you give any examples of what should be included.
My default would be to include profits in Retained earning (SFP), should they also be included here?
Many thanks
Ask the Tutor ACCA FR
Other comprehensive income
Yes, movements in revaluation reserve would be shown in statement of comprehensive income
At F7 you're not likely going to be faced with anything more searching than movements on revaluations and financial assets through comprehensive income
Ok?
Thank you
You're welcome
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