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

CONTENTS

Preface

About the Author

1 Introduction and Scope of Book

1.1 Nature of Accounting Literature and Pertinent Pronouncements

1.2 Perspectives and Major Implications of the Concept of Equity

1.3 The Concept of Other Comprehensive Income

1.4 The Financial Statement Presentation Project

1.4.1 Project History

1.4.2 Scope and Objectives of the Project

1.4.3 Working Principles

1.4.3.1 Cohesiveness

1.4.3.2 Categorization

1.4.3.3 Liquidity

1.4.3.4 Measurement

1.4.3.5 Disaggregation

1.4.3.6 Cash Flow Assessment

1.4.3.7 Selection of Working Principles in the Financial Statement Presentation Project

1.4.4 Interrelationships and Conflicts among Working Principles

1.4.5 Link to the Topic of This Book

1.5 Main Interrelationships with Other Projects

1.6 Significance of Equity

1.7 Scope of Book

2 Views on Equity and Implications

2.1 Terminology and Definitions of Terms

2.1.1 Equity

2.1.2 Equity Owners

2.1.2.1 Shareholders

2.1.2.2 Owners

2.1.2.3 Equity Holders

2.1.2.4 Beneficiaries

2.1.2.5 Equity Investors

2.1.2.6 Equity Participants

2.1.2.7 Interchangeability, Inconsistency, and Dissimilarity

2.1.3 Equity Instruments

2.1.4 Equity Interest

2.1.4.1 Residual Interest

(1) Definition of Residual Interest

(2) Implications of the Residual Interest Model

(3) The Balance Sheet Approach

2.1.4.2 Ownership Interest

(1) Ownership Versus Residual Interest

(2) The Invested and Earned Equity Model

2.1.4.3 Economic Interest

2.1.4.4 Voting Interest

2.1.4.5 Controlling Financial Interest

2.1.4.6 Variable ...