what is the difference between “comprehensive income” and “other comprehensive income”? which one is under clean surplus assumption? please consider to give an example, tyvm
i don’t think there’s a difference
cding Wrote: ------------------------------------------------------- > what is the difference between “comprehensive > income” and “other comprehensive income”? which > one is under clean surplus assumption? > > please consider to give an example, tyvm Hi, As Mumu mentioned that there is no difference. But inn FSA synthesis there is expanded comprehensive income which requires various adjustment over a above stated by GAAP. Any expense/income missing IS and hiting the BS directly is a violations of clean surpluse.
It is the other CI violates clean surplus accounting. Normal CI can include any transaction between the company and owners which is not a violation of clean surplus. It is the other CI income such as CTA, Minimum liability etc violates clean surplus.