Note: Reference cited below, FAS130, remains the most current accounting literature in the United States on this topic.
The flow variable that is both measurable and should be recognized is then added to the list above of items that a reporting entity would include in AOCI.
In the third quarter of 2008 the United States Securities and Exchange Commission received several proposals to allow the recognition in AOCI of certain fair value changes on financial instruments.
This proposal was initially well received by representatives of the banking community who felt that Earnings recognition of these fair value changes during the concurrent "credit meltdown of 2008" would be inappropriate.
The FASB released an Accounting Standards Update on January 5, 2016 that changes items reported in OCI.
Changes in the fair value of equity investments in unconsolidated entities flow through earnings for fiscal years beginning after December 15, 2017.