Comprehensive Income


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

Designed For

CPAs and other financial professionals who wish to study ASC 220 and the components of comprehensive income


General knowledge of GAAP exposure to comprehensive income issues
WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
Find Courses Now