CFA Level 1 FRA | OCI This is a very important question from the Candidate Resources. Refer audio for the Query (Credits: L1 candidate Mikul Agarwal) Audio Response by Sanjay Sir attached in the Answer Section.
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Can you please explain why option B is the answer and why not other options?
Harsh_AgrawalIntermediate
How trading securities are passed through P&L when the gain or loss on them is unrealised ? Why arent they part of OCI ? sinnce in PUFE – U stands for unrealised gain or losss .
sachin22Advanced
What’s the difference between income at statutory rate and income tax payable??
sachin22Advanced
Should not both transactions be disclosed under both IFRS and USGAAP??
sachin22Advanced
why directly LR is added to Total assets and tax portion not subtracted?? bcoz TA (FIFO) = TA (LIFO) + LR (1 – Tax Rate) but in solution, it’s TA (FIFO) = TA (LIFO) + LR plus for ROA, average assets ...
