Strategic Business Reporting

This article looks at what differentiates profit or loss from other comprehensive income and where items should be presented. Reclassification: for and against The purpose of the statement of profit or loss and other comprehensive income (OCI) is to show an entity’s financial performance in a way that is useful to a wide range of…

This article explains the current rules and the conceptual debate as to where profits and losses should be recognised in the statement of profit or loss and other comprehensive income– ie when should they be recognised in profit or loss and when in the other comprehensive income. Further, it explores the debate as to whether…

This article considers a variety of ethical threats which a contemporary accountant working in the digital age may encounter and considers how these threats might be addressed.