SBRQuestions for CSOPL/OCI & Recognisation

Thanks a lot. That means that IAS21 / IAS39 reclassified to OCI & IAS19 reclassified to P or L. This will be effective in June exam 2012, right?

Again, anyone understand "Reorganization"?

@kateraina said:
Hi.. the format didnt really change..
There is the difference between item that can be reclasified and items that wont be reclassified.. but it depends if you have both types of items.. on this link it shows how the bottom part of OCI looks like:
https://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/In-the-Headlines/Documents/In-the-headlines-2011-19.pdf

i probably wouldnt worry too much about the reclassification.. but i took the bpp course and they were teaching it as if it already took place.. might be worth one point :) .. as long as you put it into the OCI..

Reorganization is.. when the company shifts around capital and loans.. so for example if they have some issued loans and they have accumulated losses - they might offer to the loanholders to pay them under different conditions and give them some share capital as well and also for example cancel existing shares in exchange for less shares - the difference taken of the accumulated losses.. its like oposite of profit distribution.. so the company can start start without the losses .. everyone better off.. Its matter of moving figures between equity and debt..

But to be honest.. i am not clear on the differences between reorganization, restructuring and reconstruction.. not sure if they are more or less synonyms..

There is this other reorganization which happens within group when for example parent owns two subs 100% and then sells one sub to the other sub.. I think the question would be simple if there was any.. its again matter of moving the figures around..

hope i didnt confuse you..

Many thanks buddy. Good luck to all ur exams! I felt much confident in this exam .

@kateraina said:
i probably wouldnt worry too much about the reclassification.. but i took the bpp course and they were teaching it as if it already took place.. might be worth one point :) .. as long as you put it into the OCI..

Reorganization is.. when the company shifts around capital and loans.. so for example if they have some issued loans and they have accumulated losses - they might offer to the loanholders to pay them under different conditions and give them some share capital as well and also for example cancel existing shares in exchange for less shares - the difference taken of the accumulated losses.. its like oposite of profit distribution.. so the company can start start without the losses .. everyone better off.. Its matter of moving figures between equity and debt..

But to be honest.. i am not clear on the differences between reorganization, restructuring and reconstruction.. not sure if they are more or less synonyms..

There is this other reorganization which happens within group when for example parent owns two subs 100% and then sells one sub to the other sub.. I think the question would be simple if there was any.. its again matter of moving the figures around..

hope i didnt confuse you..