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Accumulated other comprehensive income is a general ledger account that is classified within the equity section of the balance sheet. It is used to accumulate unrealized gains and unrealized losses on those line items in the income statement that are classified within the other comprehensive income category.
Comprehensive income, as you may recall from Chapter 4, is a more expansive view of income than traditional net income. In fact, it encompasses all changes in equity other than from transactions with owners. 18 So, in addition to net income, comprehensive income includes up to four other changes in equity.A statement of comprehensive income is demonstrated in Illustration 17-5, highlighting the presentation of the components of other comprehensive income pertaining to Globals pension plan.omprehensive income, as you may recall from Chapter 4, is a more expansive view of income than traditional net income. In fact, it encompasses all changes in equity other than from transactions with owners. 18 So, in addition to net income, comprehensive income includes up to four other changes in equity.