22 thoughts on “IFRS – IAS 1 – Presentation of Financial Statements

  1. Dude! profit on sale of asset is not a part of OCI. This is part of normal operations and should be reported in P&L. Example of OCI items are revaluation surplus, re-measurement adjustment under IAS-19, exchange gain/loss on foreign operations, gain/loss on cashflow hedge. unrealised gain on AFS securities (under previous IAS-39). Some of these items can be reclassified to P&L in subsequent period while other cannot. Please update your knowledge on IFRS, thanks

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