Sbr (int/UK) Strategic Business Reporting

(1 mark) 

Presentation 

The  Conceptual Framework states that the statement of profit or loss is the 

primary source of information about an entity’s performance and states that 

income and expenses should normally be recognised in this statement. (1 mark) 

The  Conceptual Framework says that income or expenses arising from a 

current value remeasurement might be recorded in other comprehensive 

income if this would result in profit or loss providing more relevant 

information or a more faithful representation of economic performance during 

the period. 

(1 mark) 

If using fair value through other comprehensive income, Spamgate must be 

holding the financial asset in a business model which has the aim of collecting 

contractual cash flows but also making some sales. 

(1 mark) 

 

 

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