BC106 In developing IAS 1, the Board identified the following differences from SFAS 130:
(a) Reporting and display of comprehensive income Paragraph 22 of SFAS 130 permits a choice of displaying comprehensive income and its components, in one or two statements of financial performance or in a statement of changes in equity. IAS 1 (as revised in 2007) does not permit display in a statement of changes in equity.
(b) Reporting other comprehensive income in the equity section of a statement of financial position Paragraph 26 of SFAS 130 specifically states that the total of other comprehensive income is reported separately from retained earnings and additional paid‑in capital in a statement of financial position at the end of the period. A descriptive title such as accumulated other comprehensive income is used for that component of equity. An entity discloses accumulated balances for each classification in that separate component of equity in a statement of financial position, in a stat
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