FASB Rethinks Disclosures Related to AOCI

The FASB has proposed a new approach to the reporting of items reclassified out of accumulated other comprehensive income (AOCI).

Under a proposed Accounting Standards Update (ASU) issued in August 2012, companies would be required to provide enhanced disclosures, including a breakdown by component of the items reclassified out of AOCI, along with a roadmap to related financial disclosures. Although this would not provide “new” information compared with current reporting requirements, a key benefit for users is that it would provide a single tabular presentation that allows them to easily locate all the information about AOCI in one place.

Learn more about the proposed changes in the latest issue of the MHM Messenger: FASB Rethinks Disclosures Related to Accumulated Other Comprehensive Income (AOCI)»

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