1999 | OriginalPaper | Buchkapitel
Statement of total recognised gains and losses
verfasst von : Ken Wild, Brian Creighton, Deloitte & Touche technical department
Erschienen in: GAAP 2000
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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Not all components of an entity’s financial performance will flow through the profit and loss account. Therefore, FRS 3 requires financial statements to include, as a primary statement, a ‘statement of total recognised gains and losses’ to highlight the gains and losses that are recognised in a period. [FRS 3(27)] The statement deals with gains or losses recognised, not necessarily realised, in a period. Therefore, certain gains, such as revaluation surpluses, may be recognised in one period and realised in a subsequent period.