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Bridge over ocean
1 March 1996 Financial Analysts Journal Volume 52, Issue 2

The Call for Reporting Comprehensive Income

  1. Anthony T. Cope
  2. L. Todd Johnson
  3. Cheri L. Reither

Largely in response to AIMR's urging in Financial Reporting in the 1990s and Beyond, the Financial Accounting Standards Board decided to add to its technical agenda in September 1995 a project on reporting comprehensive income. This article discusses the concept of comprehensive income and explains why the project was added to FASB's agenda. It also outlines the project's scope and indicates ways in which the input of analysts and other users can be helpful to FASB during the course of the project.

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