If there is no other component of equity in the SFP,do we take other comprehensive income adjustments to Retained earnings?
Thanks in advance
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SBRRetained earnings and OCI
12y ago#1Why would you not create an "Other component of Equity" account?
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
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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