Deadline reminder – ED on statement of comprehensive income

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22 Sep 2010

We remind you that comments on the Exposure Draft Presentation of Items of Other Comprehensive Income are due on 30 September 2010. The ED proposes to require that all entities present profit or loss and other comprehensive income (OCI) in separate sections of a single continuous statement.

This would amend IAS 1, which currently allows entities a choice of presenting results of operations either (a) in a single, continuous statement similar to the proposal in the ED or (b) in two separate statements – an income statement and a statement of comprehensive income.
Click for our previous story on the exposure draft.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.