The Financial Accounting Standards Board (FASB) has released its Accounting Standards Update 2013-02, and with it comes changes to the reporting requirements for reclassifications from accumulated other comprehensive income.
Understanding Other Comprehensive Income
These changes affect companies that have other comprehensive income (OCI). OCI refers to gains and losses that aren’t initially included in the net income for a given accounting period. Companies that have OCI transfer the total OCI for each period to accumulated other comprehensive income (AOCI), which is a separate component of equity. Examples of OCI include: