total comprehensive income

CFA Level I FRA
#21

I don’t know what you mean upon “dividends are substrated from net income”. We are

talking about our financial asset (the issuer’ obligation). Therefore dividends are our

income since we are talking from holder not issuer side. AFS is only class of our financial asset if we are holder not an issuer.

If we are talking from an issuer perspective dividends on common stock decrease issuer’s common stock position, concrete retained or current earnings. They are not booked in P/L nor shown in OCI, dividends are shown in Statement of changes in Equity and, in case of cash payoff are noted in CF statement as outflow.

#22

New IFRS 9, replacement of current IAS 39 which is not binding yet, will recognize only 2 classes of financial assets:

  • measured on amortizing cost

  • measured on fair value.

Those, once when IFRS 9 addopts, no more confusing about AFS class recognizing in IFRS. Procedure of measuring will be much more simplify.

#23

thanks for your help

#24

Not at all. I will help whenever I am able to.