Ind AS 110 OCI Adjustment on Sale of Subsidiary | Loss of Control & OCI Reclassification | Final FR

OCI on Loss of Control – Quick Summary When subsidiary is sold and control is lost: Close all OCI related to that subsidiary. Because: OCI was consolidated earlier Now subsidiary relationship is over Treatment of OCI Items Foreign Operation Translation Gain (Ind AS 21) Recyclable OCI Transfer to P&L Revaluation Surplus (Ind AS 16) Never recycled to P&L Transfer to Retained Earnings Remeasurement Gain/Loss (Ind AS 19) Never recycled to P&L Transfer to Retained Earnings #CAFinal #CAInter #IndAS #IFRS #IndAS110 #IndAS21 #IndAS16 #IndAS19 #OCI #OtherComprehensiveIncome #Consolidation #LossOfControl #ForeignOperation #FCTR #RevaluationSurplus #RemeasurementGain #GroupAccounts #FinancialReporting #ConsolidatedFS #Goodwill #NCI #Accounts #AdvancedAccounts #CAStudents #CommerceStudents #AccountingConcepts #FRClasses #CAIndia #AccountingMadeEasy #ExamRevision