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Re-Measurement

This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.

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August 2, 2015 at 12:10 pm #264653
Muslim Farooque
- Topics: 190
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Hi,

I was going through some notes and found out that in other comprehensive incomes remesurement of financial assets at fair value is included in OCI and as a reserve surplus in Statement Of FP, what do u mean by that ? Is it similar to Revaluation ? Pls explain with example and also Is excess depreciation transferred to Retained Earning? why is that?
August 2, 2015 at 6:58 pm #264770
MikeLittle
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Rather than have me write out a long response, may I refer you to an article in Student Accountant by Tom Clendon, reference:

http://www.accaglobal.com/hk/en/student/exam-support-resources/professional-exams-study-resources/p2/technical-articles/pl-oci.html

Try that and then, if you still have a problem, post again
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