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Hi Mike,
Is there a general rule regarding whether the gain/loss on re-measurement of investments to fair value should be reported in P/L or in SOCI?
does this effected by applying partial goodwill or full goodwill presentation?
No- the only general rule is to follow what Graham tells you. He will normally say ” ….. which has been classified as through profit and loss …” so take the movement through profit and loss!
And I can’t see how partial / full goodwill could affect it
There were two examples I came over regarding step acquisition.
1) in the first – partial goodwill was applied and they posted gain from re-measurement to P/L
2) in the second one with full goodwill application they posted gain to OCI.
So, it came to my mind that maybe there is a rule or smth….then no…. ok! thanks!
hi, normally it is stated in the question, right? something like FVTPL or FVTOCI?
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