欧盟新改的会计政策，讲其他综合收益列在综合损益表的net profit 的下方作为一项持有利得

US GAAP: equity里面的一个项目

To: LZ,

Depending on which Accounting standard applies to this. In US GAAP/FASB, which I am not quite familiar with, it seems belong to equity, please refer to the below extract of FASB.

Summary of Statement No. 130

Reporting Comprehensive Income (Issued 6/97)

Summary

This Statement establishes standards for reporting and display of comprehensive income and its components (revenues, expenses, gains, and losses) in a full set of general-purpose financial statements. This Statement requires that all items that are required to be recognized under accounting standards as components of comprehensive income be reported in a financial
statement that is displayed with the same prominence as other financial statements. This Statement does not require a specific format for that financial statement but requires that an enterprise display an amount representing total comprehensive income for the period in that financial statement.

This Statement requires that an enterprise (a) classify items of other comprehensive income by their nature in a financial statement and (b) display the accumulated balance of other comprehensive income separately from retained earnings and additional paid-in capital in the equity section of a statement of financial position.

This Statement is effective for fiscal years beginning after December 15, 1997. Reclassification of financial statements for earlier periods provided for comparative purposes is required.

 In IAS,namely,International Accounting Standard,on the other hand, other ocmprehensive income comprise those itmes which are classified as non-owner changes in equity,which include:

• changes in revaluation surplus (under IAS 16 Property, Plant and Equipment and IAS 38
Intangible Assets);
• actuarial gains and losses on defined benefit plans recognised in accordance with
paragraph 93A of IAS 19 Employee Benefits;
• gains and losses arising from translating the financial statements of a foreign operation
(under IAS 21 The Effects of Changes in Foreign Exchange Rates);
• gains and losses on remeasuring available-for-sale financial assets (under IAS 39 Financial
Instruments: Recognition and Measurement); and
• the effective portion of gains and losses on hedging instruments in a cash flow hedge
(under IAS 39).

The details can be found through below linkage,

http://www.casplus.com/pubs/files/0709ias1revised.pdf

在NOTE上SS7上时归于所有者权益的

equity item.

key things in OCI(some refer it as Accumulated OCI) that we need to understand. based on US GAAP.

1. record the change of fair value of available-for-sale securities. At the end of the term or contract of that certain securty, re-classify the accumulated gain or loss in OCI to income statement.

2. foreign exchange gain or loss. Re-classification is similar to the previous one.

I think these 2 are most important to know about OCI, if we want to do this part good in CFA exam.

Some more to know:

But on April 2, 2009, FASB made some eased changes on mark-to-market accounting. I did not look at these changes very carefully. But one thing I'm sure that under this new rule, firms can choose not to use mark-to-market accounting for available-for-sale securities which means that this part of OCI may not exist sometimes. This new accounting treatment can only be adopted under certain market situation where the market for the security is not active or the valuation scheme is not effective. This is huge change which can help banks hide a lot of credit losses and can slow the spread of fear on the market down.  But I don't think CFA would consider this in June exam.

comprehensive income = net income + other comprehensive income

other comprehensive income 列示在所有者权益变动表上，另外，在BS表中的股东权益部分也有反映；

net income则是列示在IS表上。