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

6.6 CAPTIONS AND LINE ITEMS

6.6.1 Display and Disclosure Requirements of the Statement of Changes in Equity

As Paragraph I.A.1 above explains, the statement of changes in equity is one of the options available under U.S. GAAP, prior to ASU 2011-05, to report comprehensive income and other comprehensive income. Exhibit 6-10 shows the minimum display or disclosure requirements of the statement of changes in equity under U.S. GAAP and SEC guidance as opposed to the alternative statements. It illustrates the items that entities must present on the face of the statement of changes in equity, those that they must not present there, those that they may present in that statement or disclose in the notes, and those that they may show in the statement of changes in equity as well as in other statements. Under Subsection 205-10-S99-3 (Regulation S-X), financial statements should not show captions that have no items.235 Exhibit 6-11 proposed the same analysis under IFRSs. Exhibit 6-12 illustrates the situation under IFRSs before the 2007 Revision of IAS 1. Exhibit 6-13 reports items specific to certain specialized industries.

These Exhibits do not repeat the list of items of other comprehensive income for which U.S. GAAP requires separate display, or parenthetical explanation, or for which it permits separate presentation in a statement or note disclosure. Paragraph IV.G above and its Exhibits include this inventory.

Under U.S. GAAP, the statement of changes in equity, a separate statement ...