LearningCat: Comprehensive Income Statement

Reporting of Other Comprehensive Income
When it comes to financial statements, there’s more than just the income statement you should be paying attention to. There’s also Other Comprehensive Income (OCI), a term that doesn’t always get the attention it deserves, but trust me, it’s crucial. So, let’s break it down in simple terms and see why you should care about […]
Other Comprehensive Income
In order to guarantee accurate financial reporting, Indian corporations have implemented accounting standards. The Accounting Standards Board (ASB), a body of the Institute of Chartered Accountants of India (ICAI), is in charge of issuing them. To allow Indian businesses to report internationally, Indian accounting rules are in line with International Financial Reporting rules (IFRS). What […]