• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

March 2026 ACCA Exams

Comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2026 exams.
Get your discount code >>

Q Jocatt Kaplan

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Q Jocatt Kaplan

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • July 8, 2020 at 3:16 pm #576346
    Sneha00
    Member
    • Topics: 46
    • Replies: 20
    • ☆☆

    In que, a part its written that

    “On 1 December 20X1, Jocatt acquired 8% of the ordinary shares of Tigret for $4 million and recorded it as a financial asset at the cost of purchase. This investment was designated to be measured at fair value through other comprehensive income.
    On 30 June 20X2, Jocatt acquired a further 52% of the ordinary shares of Tigret and
    gained control of the company.”

    My confusion is that
    In answer when there is Fair value change for investment on the date of additional 52% shares purchase the gain of 1m (5-4) on FV to 5m of financial asset should be transferred to OCI but in answer they have transferred the gain to P&L
    Please explain this

    Thanks

    July 9, 2020 at 5:14 pm #576441
    Stephen Widberg
    Keymaster
    • Topics: 17
    • Replies: 3444
    • ☆☆☆☆☆

    It sounds to me like the answer is out of date

    That would’ve been the rule when this question was written

    Nowadays the gain or loss on revaluation is not recycled to P&L

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Kaplan ACCA Free Trial

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE Exams – Instant Poll

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • LiliaDvornikova on Statement of cash flows – Example 1 (revision) – ACCA Financial Reporting (FR)
  • BurtBikkie on Professional Ethics – ACCA Audit and Assurance (AA)
  • Lameesmazrooe on ACCA BT Chapter 4 – Organisational culture – Questions
  • John Moffat on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • Abdinur on FA Chapter 22 Questions Group Accounts The Consolidated Statement of Financial Position (1)

Copyright © 2026 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in