Accumulated comprehensive income is same as other CI ?

CFA Level I FRA
#1

Hi,

i wanted to know if accumulated CI means the total of OCI?

a summation of items on OCI (unrealizable g/l on available sale of sec, unrealizable g l on derivative, foreign currency n pension)

Please can you clear my doubt

thanks

#2

Howdy!

It does.

My pleasure.

#3

Thank you!

#4

Wait guys,

Comprehensive Income (CI) = profit or loss (as reported in the Income Statement) plus items of Other Comprehensive Income (OCI), which get reported in the Statement of Other Comprehensive Income.

#5

back2books,

did you mean Accumulated Other Comprehensive Income? if yes, than that’s ok. But you cannot state that CI and OCI are the same.

regards

#6

True, but I’ve never seen “accumulated” used with any phrase apart from “other comprehensive income”. Perhaps I shouldn’t have assumed that that’s what back2books meant, but nobody ever says “accumulated comprehensive income” when they mean, merely, “comprehensive income”.

You’re correct to clarify it, however.

#7

Absolutely correct.

#8

True Magician, talking about accumulated comprehensive income (without Other ) would make no sense at all.

#9

I meant accumulated other comprehensive iincome

#10

Aha!

wink