Items may be reclassified to P&L

Code: 3420
👁 Views: 21

Account Information

Financial Statement Statement of Financial Position
Normal Balance Credit

Definition

Includes OCI items that may be reclassified to the income statement in subsequent periods when realized.

Sub-accounts

3421

Foreign Exchange Differences

3422

Cash Flow Hedges

3423

FVOCI Debt Investments

3424

Share of OCI of Associates

📐 IFRS vs US GAAP Accounting Treatment

IFRS IAS 1 Presentation of Financial Statements
US GAAP ASC 220 Comprehensive Income

❓ Frequently Asked Questions

Q: What are OCI items that may be reclassified to P&L?

A: Include foreign currency translation differences, cash flow hedge gains/losses, and certain debt investments.