Description of a Reporting Entity (B6.3)
IASB’s Proposed Description of an Entity for Financial Reporting 1. Reporting Entity Definition A **reporting entity** is defined as an ent...
sm saimon -
January 04, 2025
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Conceptual Framework for Financial Reporting (B6)
The Conceptual Framework for Financial Reporting Primary Purpose of Financial Information: Aid Decision-Making: To assist existing and pot...
sm saimon -
January 03, 2025
Challenges and Perceptions of OCI (B5)
Challenges and Perceptions of OCI General Issues with OCI Confusion Among Users : Many users find OCI confusing, often perceiving it as a ...
sm saimon -
January 03, 2025
Accounting Mismatch and Mismatched Remeasurement (B4)
10 Key Points on Accounting Mismatch and Mismatched Remeasurement Accounting Mismatch Definition : An accounting mismatch occurs when econom...
sm saimon -
January 03, 2025
Arguments for and against reclassification (B3)
Arguments for and against reclassification Short Notes: OCI Reclassification Arguments For: Improves profit or loss relevance & compara...
sm saimon -
January 03, 2025
Income and expenses included in OCI and reclassification (B2)
Income and expenses included in OCI and reclassification: General Principle: OCI items are generally intended to be reclassified to profit...
sm saimon -
January 03, 2025
The Conceptual Framework for Financial Reporting: (B1)
The Conceptual Framework for Financial Reporting: Short Notes on OCI and Financial Performance OCI (Other Comprehensive Income): A sepa...
sm saimon -
January 03, 2025
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