Heads Up: FASB Proposes to Defer Portions of New OCI StandardVolume 18, Issue 36 |
The attached issue of 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.
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