• 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

Save 20% on ACCA & CIMA Books

Interactive BPP books for June 2026 exams, recommended by OpenTuition.
Get 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 AvatarStephen Widberg.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • July 8, 2020 at 3:16 pm #576346
    AvatarSneha00
    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
    AvatarStephen Widberg
    Keymaster
    • Topics: 17
    • Replies: 3452
    • ☆☆☆☆☆

    It sounds to me like the answer is out of date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

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

  • TEDI on IAS 16 Property, plant and equipment – Initial Recognition – CIMA F1 Financial Reporting
  • ChanNV on Framework – measurement – ACCA Financial Reporting (FR)
  • ChanNV on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)
  • Konstantinos43 on Financial Performance Measurement – Liquidity Measures – ACCA Management Accounting (MA)
  • Hirak.5 on ACCA TX-UK FA2025 Chapter 3 Property Income and Investments – Individuals

Copyright © 2026 · Contact · Advertising · OpenLicense · About · Sitemap · Privacy Policy · Cookie settings · Comments · Log in