Heads Up: FASB Proposes to Defer Portions of New OCI Standard
Volume 18, Issue 36
This Heads Up discusses the FASB’s recently issued proposed Accounting Standards Update (ASU) Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. If the proposed ASU becomes final, the provision in ASU 2011-05, Presentation of Comprehensive Income, related to presentation of reclassification adjustments would be indefinitely deferred.
To read the Heads Up, click the Download button above. For past issues of Heads Up, visit the archive.
Heads Up, as well as other information on accounting and financial disclosure, is also available on Technical Library. A subscription-based accounting research tool, Technical Library contains material from the Financial Accounting Standards Board (FASB), Emerging Issues Task Force (EITF), American Institute of Certified Public Accountants (AICPA), Securities and Exchange Commission (SEC), and International Accounting Standards Board (IASB) in addition to Deloitte’s own accounting and SEC manuals and other interpretive accounting and SEC guidance. Updated every business day, Technical Library has an intuitive design and navigation system that, together with its powerful search features, enable users to quickly locate information anytime, from any computer. Technical Library subscribers also receive Technically Speaking, the weekly publication that highlights recent additions to the library. In addition, subscribers have access to Deloitte Accounting Journal entries, which briefly summarize the newest developments in accounting standard setting.
Subscribe to receive Deloitte's Heads Up newsletters: