IASB's stance on AOCI Discussion Paper on the new Conceptual Framework

A large document for sure, and relevant, as accounting is the prime source of capital values.

Shaun Drummon of AFR notices the Board's stance on AOCI:

"One of the most controversial has been the liberal use of other comprehensive income (OCI), otherwise known as the reserve, in revisions to accounting rules to park movements in the value of derivatives an…