Skip to Main Content

FASB Exposure Draft of the Proposed Accounting Standards Update – Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income

Thursday, February 1, 2018

The Financial Reporting Committee (“FRC”) of the Institute of Management Accountants (“IMA”) submitted a letter to provide feedback to the Financial Accounting Standards Board (FASB) for the reclassification of stranded tax effects resulting from the Tax Acts and Jobs Act of 2017.