OCI AS AN ADDITIONAL STATEMENT ON THE INCOME STATEMENT

The following is a printed Income Statement with OCI as an additional section added to Net Income.

This example is the reflection of the Costpoint Setting Screens .

 

 

The OCI amount of $500.00 on the Income Statement represents the following:

Original functional currency entry as per excel spreadsheet                   $ 37,000.00

Balance Sheet revaluation entry for account IUC-11                             $  -3,400.00

Total amount of revaluation to be posted to IUC-11                              $ -33,100.00