| Summary: | International Finance Corporation (IFC or the Corporation) is the largest
global development institution focused on the private sector in
developing countries.
The accounting and reporting policies of IFC conform to accounting
principles generally accepted in the United States (GAAP).
IFC’s accounting policies are discussed in more detail in Section VI,
Critical Accounting Policies, and in Note A to IFC’s Consolidated
Financial Statements as of and for the year ended June 30, 2015 (FY15
Consolidated Financial Statements).
Management uses Income available for designations (Allocable
Income) (a non-GAAP measure) as a basis for designations of retained
earnings. Allocable Income generally comprises net income excluding
net unrealized gains and losses on equity investments and net
unrealized gains and losses on non-trading
financial instruments
accounted for at fair value, income from consolidated entities other
than AMC, and expenses reported in net income related to prior year
designations.
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