Comprehensive Income

Study Level: Intermediate
Delivery Method: Online self-study
Provider of Record: WebCE
Field of Study: Accounting
Prerequisites: General knowledge of GAAP

This course provides an overview of the accounting and reporting requirements with respect to comprehensive income as prescribed by Accounting Standards Codification (ASC) Topic 220. This includes a detailed discussion of the various components of other comprehensive income as well as those items that do not qualify for recognition in comprehensive income. Additionally, this course provides the respective presentation and disclosure and illustrative examples from actual U.S. Securities and Exchange Commission (SEC) filers.

Learning Objectives
Upon completion of this course, you will be able to:

  • recognize key information related to comprehensive income
  • differentiate between the one-statement and two-statement approach for presenting comprehensive income
  • identify required disclosures with respect to comprehensive income
  • recognize key information related to reclassification adjustments

Publish Date: Jan. 2018