Under IFRS companies may recognize actuarial gains and losses in income immediately.

Name: Under IFRS companies may recognize actuarial gains and losses in income immediately.
Brand: Quizplus
Rating: 4.7 (47 reviews)

Question

Quizplus · Accepted Answer

Under IFRS, companies have the option to recognize actuarial gains and losses in income immediately through the "corridor approach" or to recognize them outside of profit or loss in other comprehensive income (OCI) without subsequent reclassification to profit or loss.

Under IFRS Companies May Recognize Actuarial Gains and Losses in Income