Global Standards for the world economy

Wednesday 24 May 2017

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Financial Statement Presentation

IASB meeting summaries and observer notes

 IASB October 2010 OCI



The IASB and FASB discussed the comment letters received on the FASB�s Exposure Draft of proposed amendments to Topic 220, Comprehensive Income, and the IASB�s Exposure Draft of Presentation of Items of Other Comprehensive Income, proposed amendments to IAS 1. The comment letter deadline was 30 September 2010.

The boards instructed the staff to focus on the matter of whether profit or loss (net income) and OCI should be presented in one or two statements.

Date: 10/19/2010