Heads Up: FASB Finalizes New Disclosure Requirements for Reclassification Adjustments Out of AOCI
Volume 20, Issue 5
This Heads Up discusses the FASB’s recently issued Accounting Standards Update (ASU) No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. The ASU adds new disclosure requirements for items reclassified out of accumulated other comprehensive income (AOCI) and is intended to help entities improve the transparency of changes in other comprehensive income and items reclassified out of AOCI in their financial statements.
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