Comprehensive Income

by John Hughes I’ve written before about the IASB’s request for comment about its future work plan. Summarizing the response in a recent Investor Perspectives article, IASB member Patrick Finnegan says: “There is one project…that respondents to the agenda consultation … Continue reading →...

by John Hughes I’ve written before about the IASB’s request for comment about its future work plan. Summarizing the response in a recent Investor Perspectives article, IASB member Patrick Finnegan says: “There is one project…that respondents to the agenda consultation … Continue reading →...

by John Hughes When I wrote last year about the IASB’s project on other comprehensive income (OCI), I couldn’t really hide my lack of enthusiasm for the subject. There’s nothing principled about the distinction between what goes into OCI and … Continue reading →...

by John Hughes Here’s how Sears Canada’s income statement looked for the first quarter of 2010, under old Canadian GAAP: Here’s what it looks like now, after adopting IFRS: Here’s how they explain the differences: Item (d), no doubt, is … Continue reading →...