Accumulated other comprehensive income
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Accumulated other comprehensive income is a subsection in equity where "other comprehensive income" is accumulated (summed).
Other comprehensive income is the difference between net income and comprehensive income and represents the unrealized gains and losses of the enterprise. In practice, it comprises four general items:
- Gains and losses on available for sale securities
- Gains and losses on derivatives held as cash flow hedges
- Gains and losses resulting from converting foreign currency subsidiaries to the parent currency, and
- Minimum pension liability adjustments.
- Unrealized gains and losses from a foreign currency hedge of a net investment in a foreign operation
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