FASB Issues Rules on Transparency of Items Reclassified Out of OCI

The Accounting Policy & Practice Report ® provides financial accounting policy makers, advisors, and practitioners with the latest news, expert insights, and guidance on emerging, evolving, and complex accounting issues. Expert News & Commentary.

The Financial Accounting Standards Board issues new rules giving non-institutional investors a better view of items reclassified, or “recycled,” out of what is known as “accumulated other comprehensive income” and into net income.