Comprehensive income: What do the numbers disclose?

✍ Scribed by Ketz, J. Edward

• Book ID: 101225237
• Publisher: John Wiley and Sons
• Year: 1999
• Tongue: English
• Weight: 68 KB
• Volume: 10
• Category: Article
• ISSN: 1044-8136
• DOI: 10.1002/(sici)1097-0053(199922)10:4<79::aid-jcaf8>3.0.co;2-l

✦ Synopsis

His teaching and research interests focus on financial accounting, accounting information systems, and accounting ethics. He has published numerous articles and seven books, including Management Accounting and Corporate Planning and LAN, and he is currently working on Introduction to Accounting Systems and Controls. Professor Ketz is also coeditor of Advances in Accounting Education. The views expressed herein are those of the author and do not necessarily reflect the views of The Pennsylvania State University. This year's annual reports are the first to inform investors and analysts about comprehensive income. What format have companies used? Have the numbers proven important to users of financial statements, as the Financial Accounting Standards Board (FASB) contends? In fact, what do they disclose? The author reviews the rules for disclosure, examines actual company disclosures, and discusses the implications-for chief financial officers (CFOS) and financial statement readers.