book

Dual Reporting for Equity and Other Comprehensive Income under IFRS and U.S. GAAP

Name: Dual Reporting for Equity and Other Comprehensive Income under IFRS and U.S. GAAP
Author: Francesco Bellandi
ISBN: 9781119950967

by Francesco Bellandi

May 2012

Beginner to intermediate

458 pages

18h 30m

English

Wiley

Read now

Unlock full access

Cover Page
Title Page
Copyright
Dedication
Contents
PREFACE
ABOUT THE AUTHOR
1 INTRODUCTION AND SCOPE OF BOOK
1.1 NATURE OF ACCOUNTING LITERATURE AND PERTINENT PRONOUNCEMENTS1.2 PERSPECTIVES AND MAJOR IMPLICATIONS OF THE CONCEPT OF EQUITY1.3 THE CONCEPT OF OTHER COMPREHENSIVE INCOME1.4 THE FINANCIAL STATEMENT PRESENTATION PROJECT1.5 MAIN INTERRELATIONSHIPS WITH OTHER PROJECTS1.6 SIGNIFICANCE OF EQUITY
2 VIEWS ON EQUITY AND IMPLICATIONS
2.1 TERMINOLOGY AND DEFINITIONS OF TERMS2.2 BASIC CHARACTERISTICS OF EQUITY2.3 MAJOR IMPLICATIONS FOR COMPANIES
3 RESERVES
3.1 TERMINOLOGY AND DEFINITIONS OF TERMS3.2 RECONCILIATION3.3 TYPES OF RESERVES3.4 TRACKING OF EQUITY3.5 FUNCTION OF RESERVES3.6 IFRS IMPLEMENTATION IN SOME JURISDICTIONS3.7 CONSERVATISM, TRUE-AND-FAIR VIEW, AND INVESTORS' PROTECTION3.8 PERSPECTIVES AND ALTERNATIVE MODELS

4 EQUITY SECTION OF THE STATEMENT OF FINANCIAL POSITION
4.1 TERMINOLOGY AND DEFINITION OF TERMS4.2 SINGLE- VERSUS MULTI-STEP EQUITY SECTION4.3 NONCONTROLLING INTEREST4.4 OTHER CLASSIFICATIONS IN TEMPORARY EQUITY4.5 LAYOUT OF THE EQUITY SECTION OF THE STATEMENT OF FINANCIAL POSITION4.6 CAPITAL DISCLOSURES4.7 EQUITY OF PARTNERSHIPS AND SIMILAR ENTITIES4.8 NET ASSETS OF ENTITIES WITH NO CONTRIBUTED EQUITY OR WITH OWNERS' INTEREST THAT HAS CHARACTERISTICS OF EQUITY AND LIABILITIES4.9 DISCOUNT ON ISSUANCE4.10 INCREASING RATE PREFERRED STOCK4.11 EQUITY ISSUANCE COSTS4.12 SUBSCRIPTIONS RECEIVABLE4.13 SHARES ISSUED IN EXCHANGE FOR A NOTE RECEIVABLE4.14 TREASURY STOCK
5 ADDITIONAL PAID-IN CAPITAL
5.1 TERMINOLOGY5.2 ADDITIONAL PAID-IN CAPITAL VERSUS OTHER PAID-IN CAPITAL ACCOUNTS5.3 PRESENTATION OF ADDITIONAL PAID-IN CAPITAL5.4 THE CAPITAL SURPLUS MODEL
6 RETAINED EARNINGS
6.1 TERMINOLOGY AND DEFINITIONS OF TERMS6.2 BASIC PRINCIPLE OF RETAINED EARNINGS6.3 CATEGORIZATION OF ITEMS THAT MAY AFFECT RETAINED EARNINGS6.4 ITEMS THAT MAY DIRECTLY AFFECT THE BEGINNING BALANCE OF RETAINED EARNINGS6.5 ITEMS THAT MAY AFFECT THE ENDING BALANCE OF RETAINED EARNINGS6.6 DIRECT TRANSFER TO/FROM RETAINED EARNINGS WITHOUT PASSING THROUGH PROFIT OR LOSS6.7 INCOME TAX RELATING TO TRANSACTIONS THAT DIRECTLY AFFECT RETAINED EARNINGS6.8 PRESENTATION AND DISCLOSURE OF RETAINED EARNINGS6.9 DIVIDENDS6.10 TOWARDS A THEORY OF RETAINED EARNINGS
7 OTHER COMPREHENSIVE INCOME
7.1 TERMINOLOGY7.2 DEFINITIONS OF TERMS7.3 THE ALL-INCLUSIVE OR CLEAN-SURPLUS CONCEPT OF INCOME7.4 PURPOSE OF REPORTING INCOME AND ITS COMPONENTS7.5 LINKAGE TO THEORIES OF PERFORMANCE7.6 LINKAGE WITH CAPITAL MAINTENANCE CONCEPTS7.7 THE OTHER COMPREHENSIVE INCOME DILEMMA7.8 RECYCLING7.9 REPORTING COMPREHENSIVE INCOME AND OTHER COMPREHENSIVE INCOME7.10 FOREIGN CURRENCY TRANSLATION ADJUSTMENT7.11 CERTAIN LONG-TERM ITEMS7.12 HIGHLY INFLATIONARY ECONOMIES7.13 HEDGES OF A NET INVESTMENT IN FOREIGN OPERATIONS7.14 AVAILABLE-FOR-SALE INVESTMENTS7.15 CASH FLOW HEDGES7.16 REVALUATION MODEL7.17 CONSOLIDATION, DECONSOLIDATION, AND CHANGE IN INTEREST IN AN INVESTMENT7.18 PENSION ACCOUNTING7.19 RECENT DEVELOPMENTS FOR FINANCIAL INSTRUMENTS7.20 SHADOW ACCOUNTING7.21 TOWARDS A COMPREHENSIVE MODEL OF EQUITY AND OTHER COMPREHENSIVE INCOME
8 PRESENTATION OF TAXES ON EQUITY ITEMS
8.1 INTRAPERIOD TAX ALLOCATION TO EQUITY8.2 INCOME TAX RECOGNIZED IN EQUITY8.2.17 Income Tax on Dividends
BIBLIOGRAPHY
OFFICIALUNOFFICIAL
INDEX

Overview

Under IFRS, U.S. GAAP, and the SEC rules and regulations, business enterprises must recognise measure and disclose information regarding equity items on the face of the statement of financial position, other specific statements, or in the notes to the financial statements. However, under both IFRS and U.S. GAAP there is no all-inclusive general standard on stockholders' equity.

This book clarifies the process of reporting stockholders' equity in a manner which can be reconciled under all the relevant standards.

"Not only has the author addressed the informational needs of the players in the accounting industry, he has also drawn, based on his vast experience, practical implications of reporting under both standards." —Noraini Mohd Nasir, Journal of Financial Reporting and Accounting

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.

Read now

Unlock full access

More than 5,000 organizations count on O’Reilly

O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.

Julian F.

Head of Cybersecurity

I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.

Addison B.

Field Engineer

I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.

Amir M.

Data Platform Tech Lead

I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.

Mark W.

Embedded Software Engineer

The Handbook to IFRS Transition and to IFRS U.S. GAAP Dual Reporting

Publisher Resources

ISBN: 9781119950967Purchase book

Cloud Computing

Data Engineering

Data Science

AI & ML

Programming Languages

Software Architecture

IT/Ops

Security

Design

Business

Soft Skills