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Reclassification of Items from OCI to Profit or loss

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Reclassification of Items from OCI to Profit or loss

  • This topic has 0 replies, 1 voice, and was last updated 9 years ago by matchamulonde.
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  • August 19, 2016 at 12:52 pm #334074
    matchamulonde
    Member
    • Topics: 6
    • Replies: 24
    • ☆

    Dear Tutor

    Kindly assist in explaining how, why and when items are and not reclassified from OCI to Profit or loss. I have been unable to understand what it is that gets reclassified or not and when. And from some statements it is said that the items will never be reclassified and in another it may say that items below will be reclassified. If Im not mistaken items that may fall under the OCI are as follows:

    Hedging
    Foreign Exchange in Subsidiary
    Actuarial Re-measurement
    PPE Revaluation
    Strategic equity

    so what does it mean to reclassify and not to ever reclassify?

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