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

6.5 SPECIFIC ELEMENTS

6.5.1 Accumulated Other Comprehensive Income

Under Subtopic 220-10 (FASB Statement No. 130), an entity must display accumulated other comprehensive income separately from both retained earnings and additional paid-in capital on the equity section of the statement of financial position. Furthermore, it must show each component of the accumulated balances either on the face of the statement of financial position, statement of changes in equity or in the notes. The classification must follow the same detail of classification of other comprehensive income. The example of note disclosure in Subtopic 220-10 (FASB Statement No. 130) also shows a line for current-period net change in balances of each component of accumulated other comprehensive income, in addition to the balances themselves.180 Paragraph I.A.4 above explains specific rules applicable to SEC registrants in this respect. Such a requirement for separate presentation of accumulated other comprehensive income in the statement of financial position does not exist for not-for-profit organization.181

Planning Point: Effective for fiscal years ending after December 15, 2012 and subsequent annual and interim periods, with early adoption permitted, and for fiscal years (and related interim periods) beginning after December 15, 2011 for public entities, ASU 2011-05 mentions changes in balances of AOCI and not the balances by themselves. Furthermore, it simply refers to financial statements or the notes as ...