FASB finalizes accounting for 'stranded' tax effects - tax reform

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

Overview

​The Financial Accounting Standards Board recently issued Accounting Standards Update ('ASU') 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, that allows companies to reclassify to retained earnings the stranded tax effects in accumulated other comprehensive income ('AOCI') from the newly-enacted US Tax Cuts and Jobs Act.

Contact us

Kelley McLaughlin

US Tax Marketing Leader, PwC US

Follow us