Comprehensive Income


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Comprehensive Income

Comprehensive income is the change in equity of a business enterprise during a period from transactions and other events from non-owner sources. It includes all non-owner changes in equity (in contrast to net income which does not include some changes in equity). Financial Accounting Standards Board (FASB) issued the Statement of Financial Accounting Standards No. 130 (SFAS 130), Reporting Comprehensive Income. For fiscal years beginning after December 15, 1997, SFAS 130 requires the disclosure of both net income and a more 'comprehensive? measure of income which includes four items recorded as owners? equity under previous FASB pronouncements: adjustments to unrealized gains and losses on available-for-sale marketable securities (SFAS 115), foreign currency translation adjustments (SFAS 52), minimum required pension liability adjustments (SFAS 87), and changes in the market values of certain futures contracts qualifying as hedges (SFAS 80).

Comprehensive Income

The income of a company from any transaction that does not involve an owner's investment or distribution to an owner. For example, if a company exchanges two currencies for practical, rather than investment, purposes, any profit from the transaction may be considered comprehensive income. Comprehensive income contrasts with net income.
References in periodicals archive ?
Freddie Mac's full-year 2017 comprehensive income, excluding significant items1, was $8.
The American Bankers Association and some individual banks have written letters to FASB saying that the board needs to change its accounting standard for income taxes ahead of the implementation of the Tax Cuts and Jobs Act, so that the tax effect of items typically presented in other comprehensive income does not affect net income.
This was part of the Boards' joint efforts to improve comparability, consistency, and transparency in financial reporting and also achieve convergence of guidance on comprehensive income presentation under both U.
In a stock exchange filing Monday, PAL Holdings said total comprehensive income fell 22.
This article aims to identify changes in the form of the statement of comprehensive income in companies in the WIG30 and DAX indices.
Freddie Mac noted in its first-quarter earnings release that the $524 million it pulled in as net income, along with $746 million in comprehensive income, marked the 14th consecutive quarter of positive earnings for the firm.
The company said net income and comprehensive income for the fourth quarter was USD1.
This article deals with financial reporting requirements for comprehensive income (CI), primarily for U.
8 million and increase financial income on the consolidated statement of comprehensive income by EUR 2.
says May net income fell 41 percent on a drop in total comprehensive income.
2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income, which provides an entity that reports items of other comprehensive income with the option to present comprehensive income in either one or two consecutive financial statements:

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