Other Comprehensive Income: A Review and Directions for Future Research

51 Pages Posted: 2 Jun 2015 Last revised: 16 Dec 2015

See all articles by Dirk E. Black

Dirk E. Black

University of Nebraska at Lincoln - School of Accountancy

Date Written: May 29, 2015

Abstract

Accounting standard setters continue to grapple with conceptual distinctions between components of net income and other comprehensive income (OCI). Bank regulators are dealing with the recommendations of Basel III for Tier 1 Capital, which includes more components of accumulated other comprehensive income (AOCI). Motivated by these standard setting and regulatory debates and changes, I review the literature on the investor and contracting usefulness of comprehensive income, OCI, OCI components, and AOCI. I present ideas for future research, including opportunities arising from Basel III changes to bank regulatory capital.

Keywords: Comprehensive income, Other comprehensive income, Accounting standard setting, Bank regulation, Regulatory capital, Basel III

JEL Classification: M41, M48, G21

Suggested Citation

Black, Dirk E., Other Comprehensive Income: A Review and Directions for Future Research (May 29, 2015). Tuck School of Business Working Paper No. 2612865, Available at SSRN: https://ssrn.com/abstract=2612865 or http://dx.doi.org/10.2139/ssrn.2612865

Dirk E. Black (Contact Author)

University of Nebraska at Lincoln - School of Accountancy ( email )

307 College of Business Administration
Lincoln, NE 68588-0488
United States

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