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

by Francesco Bellandi

May 2012

Beginner to intermediate

458 pages

18h 30m

English

Wiley

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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
2.1 TERMINOLOGY AND DEFINITIONS OF TERMS2.2 BASIC CHARACTERISTICS OF EQUITY2.3 MAJOR IMPLICATIONS FOR COMPANIES
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

4.1 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
5.1 TERMINOLOGY5.2 ADDITIONAL PAID-IN CAPITAL VERSUS OTHER PAID-IN CAPITAL ACCOUNTS5.3 PRESENTATION OF ADDITIONAL PAID-IN CAPITAL5.4 THE CAPITAL SURPLUS MODEL
6.1 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
7.1 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
8.1 INTRAPERIOD TAX ALLOCATION TO EQUITY8.2 INCOME TAX RECOGNIZED IN EQUITY8.2.17 Income Tax on Dividends
OFFICIALUNOFFICIAL

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

To my sons that they may follow my parents' example of intellectual honesty

Non est vir fortis et strenuus qui laborem fugit, nisi crescit illi animus ipsa difficultate.

Non sum uni angulo natus, patria mea totus hic mundus est.

Seneca, Ad Lucilium, Epistularum Libri I, VII.

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