Record Details

The Method of Choice for Reporting Comprehensive Income

Journal of Eastern European and Central Asian Research

View Archive Info
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
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
Format application/pdf
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
Rights The JEECAR journal allows the author(s) to hold the copyright and publishing rights of their own manuscript without restrictions.This journal applies the Creative Common Attribution Share Alike Licence to works we publish, and allows reuse and remixing of its content, in accordance with a CC-BY license.Authors are free to:  Share — copy and redistribute the material in any medium or format and Adapt — remix, transform, and build upon the material for any purpose, even commercially. Under the following terms: Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. No additional restrictions — Author may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.The JEECAR Journal is committed to the editorial principles of all aspects of publication ethics and publication malpractice as assigned by the Committee on Public Ethics.