New FASB proposals on Financial Instruments and OCI Statement

rgp_logoResources Global Professionals’ Global Managing Director, Colleen Cunningham, explains new FASB proposals that:

a.) Could change the way companies report certain financial instrument tranasctions.

b.) Recommend combining the Income Statement with the Statement of Other Comprehesive Income (OCI).

Read her blog post for more information on the two new Exposure Drafts released for comment.

This entry was posted in Industry News by Chris Burd. Bookmark the permalink.

About Chris Burd

Chris is the Managing Director of the policyIQ group at RGP. She gets geeky about compliance and technology, and gets to spend every day working at the crossroads of the two. With policyIQ since 2005, Chris has worked with hundreds of policyIQ clients to implement technology and enhance their internal compliance environment. In the past few years, she's focused on enhancing policyIQ's offering as a Conflict Minerals and Anti-Corruption tool. In past lives, Chris worked as a system implementation consultant, a e-commerce specialist, a customer service call center manager, and - for one short but memorable summer during high school - a machine operator on midnight shift in a plastics factory. In her free time, she spoils her nieces, volunteers at her local food bank, and spends more time than she should taking photos of her cats. She would like to be a rock star when she grows up.

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