Quick question, I just did a question which stated that Net return on plan assets is reported under OCI in IFRS, however I don’t see this in the Schweser book. In the Schweser curriculum, only actuarial gains and losses are reported under OCI for IFRS.
The formula used for ‘Net return on plan assets’ presented in the answer was:
Actual return - (Plan assets*interest rate)
I haven’t come across this formula in Schweser - can you please help me understand this…