Statement of comprehensive income: Difference between revisions
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Under International Accounting Standards (IAS), where there is a separate income statement, an extension of the income statement like the statement of total recognised gains and losses (STRGL) or statement of recognised income and expense (SORIE). | Under International Accounting Standards (IAS), where there is a separate income statement, an extension of the income statement like the statement of total recognised gains and losses (STRGL) or statement of recognised income and expense (SORIE). | ||
This statement is also known as the Statement of ''other'' comprehensive income. | |||
Revision as of 11:18, 18 August 2016
Financial reporting.
1.
Under International Accounting Standards (IAS), where there is a separate income statement, an extension of the income statement like the statement of total recognised gains and losses (STRGL) or statement of recognised income and expense (SORIE).
This statement is also known as the Statement of other comprehensive income.
2.
Where there is no separate income statement, the Statement of comprehensive income is the entire statement.
The first part being the same as an income statement and the second part being the same as the STRGL or SORIE.
