Accumulated Other Comprehensive Income

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Accumulated Other Comprehensive Income (AOCI)

A balance sheet account that reports the total of all comprehensive income items except Net Income.
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References in periodicals archive ?
The other major issue regarding comprehensive income-the presentation of reclassifications of OCI into net income, either in whole or part-was addressed in a proposed ASU issued in August 2012, Comprehensive Income (Topic 220): Presentation of Items Reclassified Out of Accumulated Other Comprehensive Income. Basically, it proposed that those comprehensive income items that are required to be reclassified under U.S.
After issuing a proposed ASU on CI in August 2012, the FASB decided not to reinstate the reclassification adjustment requirements in ASU 2011-05 but rather to issue a final standard in February 2013, ASU 2013-02, Comprehensive Income (Topic 220 Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income), An Amendment of the FASB Accounting Standards Codification.
Excluding net changes in value relating to foreign currency exchange rates reflected in net loss, book value per common share excluding total accumulated other comprehensive income increased USD 1.50 since December 31 after payment of common stock dividend of 40 cents per share.
In addition, pension assets and liabilities and accumulated other comprehensive income are adjusted so that their ending balances conform to the amounts required under SFAS 158.
STFC had been pooling the net liabilities and the unrecognized actuarial gains and losses along with prior service costs recorded in accumulated other comprehensive income for pension and postretirement benefits to affiliated companies pursuant to a quota share reinsurance agreement or pooling agreement.
* SFAS 158 changed the proposed requirements in the exposure draft by requiring recognition of previously unrecognized transition assets or obligations as an adjustment to accumulated other comprehensive income with subsequent amortization as a component of net periodic benefit cost.
That component of equity should have a descriptive title such as "accumulated other comprehensive income." A company's disclosure on the face of the statement, in the statement of changes in equity or in notes to the financial statement of accumulated balances of each component of accumulated other comprehensive income should correspond to the classifications used in other financial statements for components of comprehensive income.
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