Income excluded from the income statement is reported under accumulated other comprehensive income of the shareholders' equity section. Income from non-owner sources increases the value of a company.

In business accounting and corporate financial reporting, other comprehensive income (OCI) includes revenues, expenses, gains, and losses that have yet to be realized. The accounting treatment of ...

FASB on Thursday issued an Accounting Standards Update (ASU) that the board said is intended to increase the prominence of other comprehensive income in financial statements and to facilitate ...

In an effort to simplify its Accounting Standards Codification, FASB has combined its guidance for income statements and comprehensive income into one topic. Previously, FASB’s guidance on these ...