Question: How does the accounting for othe comprehensive income differ between the International Financtal Reporting Standards ( IFRS ) and the Accounting Standards for Private Enterprises

How does the accounting for othe comprehensive income differ between the International Financtal Reporting Standards

(

IFRS

)

and the Accounting Standards for Private Enterprises

(

ASPE

?

Mutplo Cholce

Other comprohonsive Income does not exst under ASPE.

Under IfRS, realizod gains are transferred from other comprehensive Income to net income when realized: under ASPE. realized gains are transforred from other comprehensive Income directly to retalned carningt

Under ASPE, realized gains are transforred frot othet comprohonstvo Incoma to net Income wher reallzed: unde IFRS, realitzed gains are transferred from othor comprehensivo Income directly to retained earning:

Thore is no ditfterenco betwaen accounting other comprehensive income under IFRS and under ASPE

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