What Are All Categories in FAR that are Net of Tax?

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  • February 18, 2015 at 3:17 am #192105
    Anonymous
    Inactive

    Can anyone provide me a quick list? Can’t seem to find one in Becker’s review book and need reminders. Thanks 🙂

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  • February 18, 2015 at 3:34 am #647452
    nika_cpa
    Member

    Income from continuing operations – GROSS

    Discontinued operations – NET OF TAX

    Extraordinary income/Loss – NET of TAX

    Accounting changes in Retained Earnings – NET of TAX

    Mnemonic = IDEA

    I hope this helps!

    Becker self-study, Wiley Test Bank and books, Becker final review. NINJA MCQ bank and NINJA notes for BEC only!

    AUD - PASSED!
    FAR - PASSED!
    REG - PASSED!
    BEC - PASSED!

    February 18, 2015 at 3:59 am #647453
    Anonymous
    Inactive

    Thanks nika_cpa, but aren't there other things like OCI and extra things I am forgetting about?

    February 18, 2015 at 4:16 am #647454
    nika_cpa
    Member

    No. OCI has nothing to do with net of tax.

    PENSION UDJUSTMENTS

    UNREALIZED GAINS AND LOSSES

    FOREIGN TRANSLATION

    EFFECTIVE PORTION OF HEDGE

    REVALUATION SURPLUS (IFRS ONLY)

    Mnemonic =”PUFER”

    Becker self-study, Wiley Test Bank and books, Becker final review. NINJA MCQ bank and NINJA notes for BEC only!

    AUD - PASSED!
    FAR - PASSED!
    REG - PASSED!
    BEC - PASSED!

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