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EXCEL - IDEA: XBRL DOCUMENT - Titanium Asset Management CorpFinancial_Report.xls
10-Q - FORM 10-Q - Titanium Asset Management Corpv325437_10q.htm
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EX-31.1 - EXHIBIT 31.1 - Titanium Asset Management Corpv325437_ex31-1.htm
EX-32.2 - EXHIBIT 32.2 - Titanium Asset Management Corpv325437_ex32-2.htm
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EX-32.1 - EXHIBIT 32.1 - Titanium Asset Management Corpv325437_ex32-1.htm
v2.4.0.6
Adoption of New Accounting Standards
9 Months Ended
Sep. 30, 2012
Prospective Adoption Of New Accounting Pronouncements [Abstract]  
Adoption of New Accounting Standards

Note 2 – Adoption of New Accounting Standards

 

The Company’s significant accounting policies are discussed in the Notes to the Company’s Consolidated Financial Statements in the 2011 Form 10-K.

 

In June 2011, the FASB issued new guidance on the presentation of comprehensive income that requires entities to present each component of net income along with the total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. The guidance provides entities with the option to present the information in either a single continuous statement of comprehensive income or in two separate but consecutive statements and eliminates the previous option to present the components of other comprehensive income as part of the statement of changes in stockholders’ equity. The guidance became effective for interim reporting beginning on or after December 31, 2011, with retrospective application required. The Company has presented the information regarding comprehensive income in consecutive statements and the new guidance had no impact on its consolidated financial statements.