EFRAG issues conceptual framework bulletin on profit or loss versus OCI

  • EFRAG document (dk green) Image

14 Jul 2015

The European Financial Reporting Advisory Group (EFRAG) has published the latest issue of their publication series on the IASB's Conceptual Framework project. This bulletin explores what additional guidance should be included when reporting for profit or loss and other comprehensive income (OCI).

The bulletin includes discussions on:

  • Various business models.
  • How income and expenses are reported in profit or loss or OCI based on the business model.
  • Potential effects to current IFRS if EFRAG’s suggestions were to be applied.

Con­stituents wishing to comment on the views in the bulletins are invited to do so by 26 October 2015.

Please click to access the conceptual framework bulletin on profit or loss versus OCI.

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