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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › RE and OCE
Hi, I am confused in regards to the difference in transferring gains and losses to retained earnings and other components of equity in group accounts. Can you please explain to me the difference and the instances in which you will transfer to either of the accounts.
Hi,
The easiest way to think about it is that realised gains/losses go through profit or loss/retained earnings and unrealised gains/losses go through other comprehensive income/other components of equity.
Examples that go through OCI are gains on property revaluations and gains/losses on FVTOCI financial assets.
Thanks