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U.S. GAAP Codification of Accounting Standards |
| U.S. GAAP Codification | Accounting Standards, ASC |
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U.S. GAAP
Codification of Accounting Standards |
| U.S. GAAP Codification Updates |
| Principles of Accounting, Intermediate Accounting, Advanced Accounting |
| Accounting Terms |
| Codification Topic
220 Comprehensive Income Comprehensive Income SFAS 130, June 1997 "Reporting Comprehensive Income" Total change in equity = (A) + (B) (A) Comprehensive Income (B) Changes in equity due to (B1) and (B2) (B1) Investments by owners (B2) Distributions to owners Comprehensive income = (1) + (2) (1) Net income (2) Other comprehensive income (OCI) Reporting other comprehensive income (OCI) Three formats Format 1: Reported in the income statement below net income Format 2: Reported in the separate statement of comprehensive income Format 3: Reported in the statement of changes in equity Format 1 or Format 2 is encouraged Format 1 or Format 2 is "superior" to Format 3 Items reported as other comprehensive income (OCI) A. Investments in debt and equity securities 1. Unrealized holding gains and losses --> on "available for sale" securities 2. Unrealized holding gains and losses --> due to the transfer from (a) to (b) (a) held-to-maturity securities (b) available-for-sale securities 3. The portion of impairment not recognized in earnings --> for (c) and (d) (c) available-for-sale debt securities (d) held-to-maturity debt securities 4. Subsequent increases and decreases --> in the fair value of available-for-sale securities --> previously impaired B. Hedges 5. Gains and losses from the effective portion of cash flow hedges 6. Gains and losses on the hedges of a net investment in foreign operations C. Pension and other postretirement benefits 7. The portion of gains or losses --> that is not recognized in net periodic pension cost --> "corridor approach" 8. Prior service costs or credits in pension 9. Transition assets or obligations in pension --> not recognized in net periodic pension cost D. Foreign currency transactions 10. Foreign currency translation adjustments 11. Gains and losses on intra-entity foreign currency transactions |
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Codification Topic 220 Comprehensive Income |
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Subtopics of Codification Topic 220 220-10 Overall |
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Accounting Terms of Codification Topic 220-10 Available-for-sale-securities Comprehensive income Net income Noncontrolling interest Other comprehensive income Parent Reclassification adjustments Subsidiary |
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