Record Details

The Method of Choice for Reporting Comprehensive Income

Journal of Eastern European and Central Asian Research

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Field Value
 
Title The Method of Choice for Reporting Comprehensive Income
 
Creator Huff, Kendra; Texas A&M University - Kingsville
Delcoure, Natalya (Natasha); Texas A&M University - Kingsville
 
Subject accounting
comprehensive income, IFRS, GAAP, financial reporting
HJ9701-9940
 
Description Globalization of financial markets and exponential growth of cross-listing of foreign companies on stock exchanges in other countries throughout the world call for a need of a single global accounting language which ensures relevance, completeness, understandability, reliability, timeliness, neutrality, verifiability, consistency, comparability and transparency of financial statements. The International Accounting Standards Board (IASB) introduced International Financial Reporting Standards (IFRS). The growing acceptance of IFRSs across the world presents an important challenge and represents a fundamental change in financial reporting. This study contributes to the latest discussions on international financial reporting by reviewing corporate financial statements of Fortune 500 companies to determine how corporations are reporting comprehensive income. We find that companies across the sample are consistent in reporting OCI - they utilize a separate statement for OCI reporting.
 
Publisher Institute of Eastern Europe and Central Asia
 
Date 2014-10-16
 
Type info:eu-repo/semantics/article
Peer-reviewed Articles
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier http://ieeca.org/journal/index.php/JEECAR/article/view/59
10.15549/jeecar.v1i2.59
 
Source Journal of Eastern European and Central Asian Research (JEECAR); Vol 1, No 2 (2014): Journal of Eastern European and Central Asian Research; 5
 
Language eng
 
Relation http://ieeca.org/journal/index.php/JEECAR/article/view/59/pdf
 
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