Category Archives: Comprehensive Income

Other comprehensive income – of the utmost importance?

Posted on May 4, 2012 by admin

by John Hughes I’ve written before about the IASB’s request for comment about its future work plan. Summarizing the response in a recent Investor Perspectives article, IASB member Patrick Finnegan says: “There is one project…that respondents to the agenda consultation … Continue reading →

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Other comprehensive income – a new box of trouble

Posted on November 12, 2011 by admin

by John Hughes When I wrote last year about the IASB’s project on other comprehensive income (OCI), I couldn’t really hide my lack of enthusiasm for the subject. There’s nothing principled about the distinction between what goes into OCI and … Continue reading →

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Enhancing the income statement, up to a point

Posted on October 25, 2011 by admin

by John Hughes Here’s how Sears Canada’s income statement looked for the first quarter of 2010, under old Canadian GAAP: Here’s what it looks like now, after adopting IFRS: Here’s how they explain the differences: Item (d), no doubt, is … Continue reading →

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Other comprehensive income: you know it when you see it

Posted on April 5, 2010 by admin

by John Hughes One of the IASB’s current projects addresses the presentation of “Other Comprehensive Income” (OCI). There’s an exposure draft due this month, following  an earlier discussion paper in which the IASB proposed requiring a single statement of comprehensive income … Continue reading →

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