ACC 572 Week 2 Discussion Other Comprehensive Income” Please respond to the following: â€¢ From the first e-Activity, assess the effect of the enhanced distinction of other comprehensive income and total comprehensive income on financial statement users and companies. â€¢ Assess the validity of the arguments against the use of the direct method by the accounting profession. Justify your position. Week 2 eActivities â€¢ Go to Journal of Accountancy Website to read the article titled â€œFASB, IASB Align Presentation of Other Comprehensive Incomeâ€, dated June 17, 2011, located athttp://www.journalofaccountancy.com/Web/20114267.htm. Be prepared to discuss. â€¢ Go to the AICPA Website using the link below and review the video â€œIFRS Webcast Highlight: Excerpt from 4th Quarter IFRS Webcast: Panelists discuss FASB/IASB proposed changes to the statement of cash flowsâ€ (4 min 51 s), located at http://www.ifrs.com/video.html. Be prepared to discuss.
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