FASB on Thursday issued an Accounting Standards Update (ASU) that the board said is intended to increase the prominence of other comprehensive income in financial statements and to facilitate ...

In an effort to simplify its Accounting Standards Codification, FASB has combined its guidance for income statements and comprehensive income into one topic. Previously, FASB’s guidance on these ...

FOR the last six years or so, corporate financial statements have sported a new disclosure in the form of "comprehensive income" and "other comprehensive income". The change was introduced to improve ...

On Thursday at AEI, AEI’s Bruce D. Meyer presented a progress report on a new data set he is developing to measure income and poverty. Dr. Meyer cited several problems with the three main data sources ...

Companies periodically report gains, losses, income and expenses on their income statements. This statement distinguishes between your company's results from operations and those from other sources.

Meagan is a former Series 7 financial advisor and current writer focused on blending straightforward information with a dose of humor on topics including equity investments, insurance products, and ...

A loss isn't realized until it actually hits your pocketbook. Suppose your business holds stock in another company, and that stock drops $5,000 in value. If you still own the stock, the loss is only ...

Net income seems straightforward: It is the result when expenses (administrative expenses, business expenses, interest expenses, operating costs and other expenses) are subtracted from revenue. This ...

Empower, a subsidiary of Great-West Lifeco US, has announced a new comprehensive suite of retirement income products for participants in its defined-contribution plans. Working with leading asset ...

Taxpayers for comprehensive income tax and local income tax must report and pay by June 2. They can report using the National Tax Service HomeTax (PC), Smart Tax (mobile), or through the Automated ...