Of course, there have been other studies that suggested contrary conclusions. No one study can answer such a question. Furthermore, as noted earlier, there is the added question of how to interpret implications of research on capital market effects in an environment where the traditional way of thinking about financial reporting to capital markets is not relevant. The results show that nonprofessional investors' judgments of corporate and management performance reflect the volatility of comprehensive income only when it is presented in a statement of comprehensive income. But such research can, at most, illuminate the factors to consider.
Individual members are likely to interpret the implications differently.
Those members who believe the information is irrelevant, or even misleading, would also believe that assigning more weight to it would be detrimental. The combined effects of the CFO Act, federal accounting principles, and GPRA, would seem to imply that federal entities will need to associate costs with activities, outputs, and possibly even outcomes.