FASB Proposals on OCI, Investment Cos, Investment Properties

FASB released two proposals for public comment last week relating to investment companies and investment properties, respectively, and voted to release a third proposal - likely in early November -  to defer the effective date of certain provisions only, from Accounting Standards Update No. 2011-5 on Comprehensive Income. Read about the investment co/investment property proposals, on which comment is due Jan. 5,here [1].

Read about the proposal relating to ASU 2011-5, which would propose to defer the presentation of ‘reclassification adjustments’ (aka 'recylcling') from Other Comprehensive Income (OCI), here [2]. 

Watch FASB's website, www.fasb.org [3],  for the posting of the proposal relating to ASU 2011-5/OCI; the comment period could be 15 days (or more); a minimum 15-day comment period was agreed to at last week's FASB board meeting.