Financial Accounting Review

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U.S. GAAP
Financial Accounting Review

Principles of Accounting, Accounting by Topic, Accounting Terms Dictionary

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 Accounting Review

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