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U.S. GAAP Codification Accounting Topics

Financial Reporting Guide

Principles of AccountingU.S. GAAP Financial Reporting Guide
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Section 2210: Comprehensive Income

[U.S. GAAP Codification Topic]
220 Comprehensive income
220-10 Overall

[U.S. GAAP before the Codification]
SFAS 130, June 1997, Reporting Comprehensive Income

1. 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

2. Comprehensive income = (1) + (2)
(1) Net income
(2) Other comprehensive income (OCI)

3. 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

4. Items reported as other comprehensive income (OCI)

5A. Investments in debt and equity securities
5A1. Unrealized holding gains and losses
--> on "available for sale" securities

5A2. Unrealized holding gains and losses
--> due to the transfer from (a) to (b)
(a) held-to-maturity securities
(b) available-for-sale securities

5A3. The portion of impairment not recognized in earnings
--> for (c) and (d)
(c) available-for-sale debt securities
(d) held-to-maturity debt securities

5A4. Subsequent increases and decreases
--> in the fair value of available-for-sale securities
--> previously impaired

5B. Hedges
5B1. Gains and losses from the effective portion of cash flow hedges

5B2. Gains and losses on the hedges of a net investment in foreign operations

5C. Pension and other postretirement benefits
5C1. The portion of gains or losses
--> that is not recognized in net periodic pension cost
--> "corridor approach"

5C2. Prior service costs or credits in pension

5C3. Transition assets or obligations in pension
--> not recognized in net periodic pension cost

5D. Foreign currency transactions
5D1. Foreign currency translation adjustments

5D2. Gains and losses on intra-entity foreign currency transactions

Index of U.S. GAAP Financial Reporting Guide

U.S. GAAP by Codification Topics 
 105  GAAP Hierarchy 
 105  GAAP History 

 205  Presentation of Financial Statements 
 205-20 Discontinued Operations 
 210  Balance Sheet 
 210-20 Offsetting 
 220  Comprehensive Income 
 225  Income Statement 
 225-20 Extraordinary and Unusual Items 
 230  Statement of Cash Flows 
 250  Accounting Changes and Error Corrections 
 260  Earnings per Share 
 270  Interim Reporting
 310  Impairment of a Loan
 320  Investment Securities 
 320  Other-Than-Temporary Impairments, FSP FAS 115-2 
 320-10-05 Overview of Investments in Other Entities 
 320-10-35 Reclassification of Investments in Securities
 323-10 Equity Method Investments
 323-30 Investments in Partnerships and Joint Ventures 
 325-20 Cost Method Investments 
 330  Inventory

 340-20 Capitalized Advertising Costs 
 350-20 Goodwill 
 350-30 Intangibles Other than Goodwill 
 350-40 Internal-Use Software 
 350-50 Website Development Costs 
 360  Property, Plant and Equipment
 360-20 Real Estate Sales

 410  Asset Retirement and Environmental Obligations 
 420  Exit or Disposal Cost Obligations 
 450  Contingencies 
 450-20 Loss Contingencies 
 450-30 Gain Contingencies
 480  Redeemable Financial Instruments 

 505-20 Stock Dividends, Stock Splits 
 505-30 Treasury Stock 

 605  SEC Staff Accounting Bulletin, Topic 13 
 605-25 Revenue Recognition - Multiple Element Arrangements 
 715-30 Defined Benefit Plans - Pension
 718  Share-Based Payment 
 730  Research and Development 
 730-20 Research and Development Arrangements 

 805  Business Combinations  
 810  Consolidation 
 810  Noncontrolling Interests 
 810  Consolidation of Variable Interest Entities, SFAS 167 
 815  Derivatives and Hedging Overview 

 820  Fair Value Measurements  
 820  Fair value when the markets are not active, FSP FAS 157-4
 825  Fair Value Option 

 830  Foreign Currency Matters 
 830-20 Foreign Currency Transactions 
 830-30 Translation of Financial Statements 
 835  Interest 
 835-20 Capitalization of Interest 
 835-30 Imputation of Interest 

 840  Leases 
 840-20 Operating Leases 
 840-30 Capital Leases 
 840-40 Sale-Leaseback Transactions
 845  Nonmonetary Transactions 

 855  Subsequent Events 
 860-20 Sale of Financial Assets, SFAS 166 
 860-50 Servicing Assets and Liabilities, SFAS 156 

 985-20 Costs of software to be sold  

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