Page 9 - PowerPoint Presentation

PRESENTATION OF FINANCIAL STATEMENTS

Other Comprehensive Income (OCI)

• An entity is required to group items presented in other

comprehensive income (OCI) on the basis of whether the

items can be subsequently reclassified to profit or loss.

• If the items in OCI are presented before tax then the tax

related to each of the two groups of OCI items (those that

might be reclassified and those that will not be

reclassified) has to be shown separately.

Note: Familiarise yourself with IAS 1 and this

standard will be covered as we discuss each

standard.

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