My notes say that gain/loss on asset ceiling will be taken to P&L but the lecture says to take it to OCI. Which is it? Thanks,
Cr./Dr. Profit or loss (β) X 3.4 “Asset ceiling” test Amounts recognized as a net pension asset in the statement of financial position must not be stated at more than their recoverable amount. Consequently, IAS 19 requires any net pension asset to be measured at the lower of: (a)...
My notes say that gain/loss on asset ceiling will be taken to P&L but the lecture says to take it to OCI. Which is it? Thanks,