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Statement of Financial Accounting Standards No. 130 - page 1 / 57

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Statement of Financial Accounting Standards No. 130

Reporting Comprehensive Income

Summary

   This Statement establishes standards for reporting and display of

   comprehensive income and its components (revenues, expenses, gains, and

   losses) in a full set of general-purpose financial statements.

   This Statement requires that all items that are required to be

   recognized under accounting standards as components of comprehensive

   income be reported in a financial statement that is displayed with the

   same prominence as other financial statements.  This Statement does

   not require a specific format for that financial statement but requires

   that an enterprise display an amount representing total comprehensive

   income for the period in that financial statement.

   This Statement requires that an enterprise (a) classify items of other

   comprehensive income by their nature in a financial statement and (b)

   display the accumulated balance of other comprehensive income

   separately from retained earnings and additional paid-in capital in the

   equity section of a statement of financial position.

   This Statement is effective for fiscal years beginning after December

   15, 1997.  Reclassification of financial statements for earlier periods

   provided for comparative purposes is required.

Issued: June 1997

CONTENTS

                                                                 Paragraph

                                                                  Numbers

Introduction  . . . . . . . . . . . . . . . . . . . . . . . . . . .  1-5

Standards of Financial Accounting and Reporting:

 Scope . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  6-7

 Definition of Comprehensive Income  . . . . . . . . . . . . . . .  8-9

 Use of the Term Comprehensive Income  . . . . . . . . . . . . . . . 10

 Purpose of Reporting Comprehensive Income . . . . . . . . . . .  11-13

 Reporting and Display of Comprehensive Income . . . . . . . . .  14-21

   Classifications within Comprehensive Income . . . . . . . . .  15-21

     Classifications within Net Income . . . . . . . . . . . . . . . 16

     Classifications within Other Comprehensive Income . . . . .  17-21

       Reclassification Adjustments  . . . . . . . . . . . . . .  18-21

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