What is Accumulated Other Comprehensive Income, Why Does it Exists?
Since couple of decades ago, balance sheet started to showing a strange snippet on its Equity section called Accumulated Other Comprehensive Income. The snippet has …
Posts tagged Statement of comprehensive income
Financial Instruments Disclosures Part 2
Following on the Financial Instruments Disclosures Part 1—where we have discussed about disclosures of financial instruments by categories, reclassifications disclosures, derecognition of financial assets disclosures, …
IFRS and IAS Accounting Terms and Definitions: [M to P]
matching of costs with revenues – A process in which expenses are recognized in the income statement [statement of comprehensive income] on the basis of …