Comprehensive income – past, present and future
Comprehensive income – past, present and future
Author(s): Mihaela Dumitrana, Iulia Jianu, Gabriel JingaSubject(s): Recent History (1900 till today), Accounting - Business Administration, ICT Information and Communications Technologies
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: comprehensive income; net income; IFRS; industrial companies;
Summary/Abstract: At present, the performance measurement in accounting is achieved with the help of the comprehensive income, which contains the determined result in the profit and loss account, also the profits and losses are accepted directly in the equity. However, not so long ago, the comprehensive income was only a concept debated at the academic level, at present it has become reality. The reason consists in the changes made for IAS 1 regarding the obligation to draft the statement of the comprehensive income by all the companies applying IFRS. Do the companies have experience in preparing the statement of the comprehensive income? What element from other gains and losses has the greatest weight in preparing the statement of the comprehensive income? Does the statement of the comprehensive income offer more pertinent information than the result from the profit and loss account? These are the questions which are answered in the above study.
Journal: Analele Ştiinţifice ale Universităţii »Alexandru Ioan Cuza« din Iaşi. Ştiinţe economice
- Issue Year: 57/2010
- Issue No: Spec
- Page Range: 25-40
- Page Count: 16
- Language: English