The current model of reporting other comprehensive income outside of earnings is controversial and receiving attention from standard setters. The FASB/IASB Issues Conference this past December spent a significant amount of time on this issue. Specifically, the primary issues are 1) presentation of OCI in the financial statements (which is the topic of the recently [...] Read more > >
ASU 2011-05, which was issued in June, required that firms report comprehensive income within a performance statement and prominently display on the face of the income statement the affected line items from recycling. It was this latter requirement that caused heartburn for some preparers, and as Bob Lipe blogged here, the FASB exposed a proposal [...] Read more > >
Lisa – you and I have talked about this a little, but maybe a comment will...
Paul, Thanks for your thoughtful response. I’ll take a closer look at your TAR...
The cost/benefit constraint is a topic that fascinates me because it is a superficially...
In two days (Feb 16), the House financial Services Committee is scheduled to vote on a...
Hello, I missed the roundtable discussion. Are the transcript or the presentation...
