- NY Credits : 3.0
- TX Credits : 3.0
This course will provide you with an overview of ASC 220 and the components of comprehensive income. You will learn about the alternative reporting formats and disclosure requirements permitted and required under this Topic. In the second half of the course, utilizing extensive examples, this course describes how to calculate changes in the components of other comprehensive income and how to report them. Illustrations of disclosure requirements are also presented. This course is most beneficial to professionals new to comprehensive income who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to comprehensive income.
Upon successful completion of this course, the user should be able to:
define the terms comprehensive income and other comprehensive income,
describe reporting formats and disclosure requirements of comprehensive income,
calculate changes in the components of other comprehensive income, and
show how they should be reported in the financial statements and disclosed in the footnotes.