Dual Reporting for Equity and Other Comprehensive Income under IFRSs and U.S. GAAP
Under IFRS, U.S. GAAP, and the SEC rules and regulations, business enterprises must recognise measure and disclose information regarding equity items on the face of the statement of financial position, other specific statements, or in the notes to the financial statements. However, under both IFRS and U.S. GAAP there is no all-inclusive general standard on stockholders’ equity.
This book clarifies the process of reporting stockholders’ equity in a manner which can be reconciled under all the relevant standards.
“Not only has the author addressed the informational needs of the players in the accounting industry, he has also drawn, based on his vast experience, practical implications of reporting under both standards.” —Noraini Mohd Nasir, Journal of Financial Reporting and Accounting
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8 Perspectives and Alternative Models
Net Assets of Entities with No Contributed Equity or with
Liabilities Discount on Issuance Increasing Rate Preferred Stock Equity Issuance Costs Subscriptions Receivable Shares Issued in Exchange for a Not...
8 Presentation and Disclosure of Retained Earnings
Minimum Pension Liability The IAS 19 Model for Remeasurements of Net Defined
Comprehensive Income 8 Presentation of Taxes on Equity Items
Deferred Tax on Foreign Nonmonetary Assets
and Liabilities Income Tax in Highly Inflationary Economies Income Tax on Dividends 8 2 17 1 Classification of Income Tax