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IFRS in Focus Newsletter on reporting comprehensive income

June 2010

Deloitte's IFRS Global Office has published an IFRS in Focus Newsletter - IASB Proposes Changes to the Presentation of Profit or Loss and other Comprehensive Income.  [Prior to June 2010, these newsletters were titled IAS Plus Update.]

The newsletter explains the IASB's 27 May 2010 proposal to amend IAS 1 Presentation of Financial Statements to require:

Presentation of 'profit or loss' and 'other comprehensive income' (OCI) as separate components in a single, continuous financial statement; and
Separate presentation in OCI of items that will be reclassified to profit or loss ('reclycled') in a subsequent period.

FASB has published a similar proposal.  All of our past IFRS in Focus and IAS Plus Update newsletters are available here.

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