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Statement of Financial Accounting Standards No. 130 - page 2 / 57

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 Alternative Formats for Reporting Comprehensive Income  . . . .  22-25

 Reporting Other Comprehensive Income in the Equity Section

   of a Statement of Financial Position  . . . . . . . . . . . . . . 26

 Interim-Period Reporting  . . . . . . . . . . . . . . . . . . . . . 27

 Amendments to Existing Pronouncements . . . . . . . . . . . . .  28-33

 Effective Date and Transition . . . . . . . . . . . . . . . . . . . 34

Appendix A:  Background Information and Basis for Conclusions . . 35-128

Appendix B:  Illustrative Examples  . . . . . . . . . . . . . .  129-131

Appendix C:  Illustrative Examples of the Determination of

 Reclassification Adjustments  . . . . . . . . . . . . . . . .  132-139

INTRODUCTION

1.   This Statement establishes standards for reporting and display of

comprehensive income and its components in a full set of general-purpose

financial statements.  It does not address issues of recognition\1/ or

measurement for comprehensive income and its components.

=========================================================================

\1/  "Recognition is the process of formally recording or incorporating an

    item in the financial statements of an entity.  Thus, an asset, liability,

    revenue, expense, gain, or loss may be recognized (recorded) or

    unrecognized (unrecorded).  Realization and recognition are not used as

    synonyms, as they sometimes are in accounting and financial literature"

    (Concepts Statement No. 6, Elements of Financial Statements, paragraph 143;

    footnote reference omitted).

=========================================================================

2.   Historically, issues about income reporting were characterized broadly

in terms of a contrast between the so-called current operating performance

(or dirty surplus) and the all-inclusive (or clean surplus) income

concepts.  Under the current operating performance income concept,

extraordinary and nonrecurring gains and losses are excluded from income.

Under the all-inclusive income concept, all revenues, expenses, gains, and

losses recognized during the period are included in income, regardless of

whether they are considered to be results of operations of the period.  The

Accounting Principles Board largely adopted the all-inclusive income

concept when it issued APB Opinion No. 9, Reporting the Results of

Operations, and later reaffirmed the concept when it issued APB Opinions

No. 20, Accounting Changes, and No. 30, Reporting the Results of

Operations--Reporting the Effects of Disposal of a Segment of a Business,

and Extraordinary, Unusual and Infrequently Occurring Events and

Transactions.

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