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Retained earnings and OCI

This topic has 3 replies, 3 voices, and was last updated 11 years ago by aimanaljafri.

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November 14, 2013 at 1:17 pm #145987
hasanali95
Member
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If there is no other component of equity in the SFP,do we take other comprehensive income adjustments to Retained earnings?
Thanks in advance
November 14, 2013 at 2:38 pm #146008
MikeLittle
Keymaster
- Topics: 27
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Why would you not create an “Other component of Equity” account?
November 21, 2013 at 6:03 pm #147259
hasanali95
Member
- Topics: 239
- Replies: 248
In the bpp kits,they havent created a separate acc for OCOE but have included the ocoe stuff such in retained earnings.
In the exam shud we set up an Ocoe account or can we just take Oci to Retained earnings?
thanks
November 22, 2013 at 10:19 am #147356
aimanaljafri
Member
- Topics: 8
- Replies: 39
i would think that if there’s no mention of OCE, then there’s no need to create one unless the qs dictate otherwise
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