Comprehending other comprehensive income – A conversation about OCI
-
Presenters: Anton van Wyk CA(SA) and Karen van Wyk CA(SA)
-
Level: Advanced
-
Study time: 1 Hour
Course overview
Many accounting professionals are not fully informed about what other comprehensive income really constitutes. In this learning engagement, join Anton van Wyk CA(SA) and Karen van Wyk CA(SA) to delve deeper into the answer to this question. Together we consider what the characteristics are of OCI, examples of how OCI arises, and how OCI is presented and disclosed in the annual financial statements. The webinar also investigates what is recognized in OCI and the very important aspect of releasing amounts recognized in OCI, into profit or loss or to other reserves. A quick overview of tax considerations is also provided, just to contrast treatments. This webinar is a really good and informative one-hour session about the topic of other comprehensive income, that will either refresh your memory or teach you something you didn’t know before! In completing this learning engagement, you will have developed the professional competencies in the green section below.