Other Comprehensive Income (OCI) and impact on balance sheet OCI includes revenue, expenses, gains and losses that change shareholders’ equity but are not included in net income. OCI is reported in the balance sheet under shareholders equity as accumulated other comprehensive income (AOCI: a cumulative presentation of OCI period over period). AOCI is shown separate from retained earnings and additional paid in capital. The following items are considered as OCI (net of tax): (a) Net unrealized
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Net Income Other Comprehensive Income (OCI) Account Other Comprehensive Income (OCI) Account + Unrealized gains - Unrealized losses etc.… Other comprehensive income **At every year-end, Other Comprehensive Income is transferred to Accumulated Other Comprehensive Income (AOCI)** OCI xxx AOCI xxx ** AOCI is a cumulative end of the year balance ** 2011 OCI transferred to AOCI +2012 OCI Transferred to AOCI +2013 OCI Transferred to AOCI Balance end of 2013
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Executive Summary The purpose of this report is to outline the history, current requirements and potential issues regarding the presentation of Other Comprehensive Income (OCI) for Australian reporting entities. Historically, there has been a long standing debate on what items should be included in income, operating income (dirty surplus) or an all-inclusive income (clean surplus). Dirty surplus accounting excludes all items not related to the current operations of the firm and is generally based
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methods of how to report comprehensive income: by a continuous statement format where it starts with income statement and then continues with OCI entries or by presenting OCI as an independent statement, starting with net income. However, in 2011 FASB issued Accounting Standards Update (ASU) 2011-05 that eliminates the option of a separate statement to report OCI. Since respondents demonstrated concerns saying that users can get confused with the information if presented in the same statement, FASB and
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BAC 3684: ACCOUNTING THEORY LECTURER’S NAME: PROF PREM LAL JOSHI GROUP MEMBER’S STUDENT | STUDENT ID | DARREN TEH WE LOON | 1102702654 | CHEE YEN MUN | 1102700429 | CHANDRAPRIYA D/O GOPALACHANDRAN | 1101110492 | GAYATHIRY ULAKANATHAN | 1101110649 | a) In your opinion, why do standard setters require measurement methods other than traditional historical cost accounting? Accounting should be the most straightforward of topics
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understanding why change does not take place or why they have problems adjusting to the change. It also helps in determining where to begin in making changes to the culture. The OCI indicates the primary as Humanistic- Encouraging and the secondary being Avoidance - Perfectionist Associated Culture Behaviors According to the OCI, A Humanistic-Encouraging culture characterizes organizations that are managed in a participative and person-centered way. Members are expected to be supportive, constructive
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Main Menu · Help · Contact Us · Sign Out | | | | Your Results | | OCI Main Menu | | The OCI Inventory | | Contact Us | | OCI Help/FAQs | | Sign Out | | | | Name: | Date Survey Taken: 12/9/2013 | Organizational Culture ProfileThe culture of your organization is reflected in the shared values and beliefs that guide the thinking and behavior of members. While the prevailing culture can be somewhat subtle and abstract, it nevertheless sets patterns
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understanding why change does not take place or why they have problems adjusting to the change. It also helps in determining where to begin in making changes to the culture. The OCI indicates the primary as Humanistic- Encouraging and the secondary being Avoidance - Perfectionist Associated Culture Behaviors According to the OCI, A Humanistic-Encouraging culture characterizes organizations that are managed in a participative and person-centered way. Members are expected to be supportive, constructive
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Investigació i Metodologia Sessió 3 Professor Marc Polo Curs 2012 - 2013 Què veurem avui? • • • Anàlisi PEST - PESTEL Tendències Exemple anàlisi entorn: Euromonitor Anàlisi PEST - PESTEL • Medeix el mercat i el potencial d´una empresa segons factors externs, específicament Polítics, Econòmics, Socials i Tecnològics (Pest) En alguns casos també es tenen en compte els factors Ecològics i Legislatius (Pestel) • Anàlisi PEST: factors polítics • • Intervencionisme del govern Polítiques
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107,300 | | 0 | | | Expenses | (450,000) | (261,000) | c. 14,500 | | (725,500) | 30 | (21,765,000) | Exchanges gain | | 5,800 | | | 5,800 | 30 | 174,000 | Net income | $ 235,600 | $ 121,800 | | | $ 235,600 | | 7,068,000 | OCI for the year-translation adjustment | (38,100) | (28,600) | c. 9,500 | a. 38,100 | (38,100) | 30 | (1,143,000) | | | | | | | | 3,805,500 | Total comprehensive income | $ 197,500 | $93,200 | | | 197,500 | | 9,730,500 | Retained
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