IASB July 2008
The Board discussed an issue that had arisen during the drafting of the forthcoming discussion paper. The Board confirmed the decision made in June 2008 that this project will not change existing requirements related to:
- which items must or may be presented in other comprehensive income outside of net income or profit or loss; and
- whether, when, and how items of other comprehensive income must be reclassified to net income or profit or loss.
The Board decided that the discussion paper should not express a preference for amending or eliminating the existing treatment of other comprehensive income. Instead, the paper should describe briefly various approaches considered by the Board and indicate that further consideration of these approaches is beyond the scope of this project.