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#sbr #technicalarticle #OtherComprehensiveIncome #profitandloss #IFRS9 #reclasification #vifhe #TashwitaGupta #SBRtutor Welcome to our video on "SBR Technical Article: What Goes Into Statement of Profit & Loss and OCI, Reclassification of Profit". In this video, we will be discussing the key components of a Statement of Profit and Loss and Other Comprehensive Income (OCI) and how profits can be reclassified within financial statements. The Statement of Profit and Loss is a financial statement that shows a company's revenue, expenses, gains, and losses over a specific period. It is an important tool for investors, creditors, and other stakeholders to evaluate a company's financial performance. In addition to the Statement of Profit and Loss, companies may also present an OCI statement that shows gains and losses that are not recognized in the Profit and Loss statement. This includes items such as unrealized gains or losses on investments, changes in the fair value of financial instruments, and foreign currency translation adjustments. Finally, we will also discuss how profits can be reclassified within financial statements, which is important for investors to understand. For example, a company may reclassify gains or losses from OCI to the Statement of Profit and Loss if the gain or loss is realized. This can have a significant impact on a company's financial performance and investors' perception of its financial health. By the end of this video, you will have a better understanding of the key components of a Statement of Profit and Loss and OCI, as well as how profits can be reclassified within financial statements. So, let's dive in! LINK TO P/L VS OCI • LEARN IN 10 || SBR || FR || DIFFERENCE BET... pdf https://drive.google.com/file/d/15-ip... Whatsapp +91 9877637809 Instagram - Tashwita Gupta #sbr SBR #FinancialStatements #ProfitAndLoss #OCI #ReclassificationOfProfit #FinancialPerformance #Investing #Accounting #BusinessFinance #CorporateFinance