Other comprehensive income (OCI) is a term used in business accounting to define transactions that aren't yet realized. These figures include revenues, expenses, gains, and losses—all of which are ...

FASB on Friday released an update that defers a portion of new accounting requirements for comprehensive income issued earlier this year. The update defers the requirement to present items that are ...

Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...

Note: The application of IFRS 17 and IFRS 9 involves significant changes compared with IFRS 4. This presentation intends to provide a simplified education of the key changes and the implications on ...