Statement of comprehensive income: Difference between revisions

Revision as of 17:06, 1 February 2019

Financial reporting.

(SOCI).

1.

A separate financial statement of gains and losses that:

Affect shareholders' equity, and

Are not already reported in the income statement (statement of profit or loss).

Examples include gains or losses on defined benefit pension plans.

This statement is also known as the Statement of other comprehensive income.

It is similar to the statement of total recognised gains and losses (STRGL) or statement of recognised income and expense (SORIE).

2.

A combined statement including both the income statement and - separately identified - items of other comprehensive income.

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 ''Financial reporting''.
+(SOCI).
 .
-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).
+A separate financial statement of gains and losses that:
+:Affect shareholders' equity, and
+:Are not already reported in the income statement (statement of profit or loss).
+Examples include gains or losses on defined benefit pension plans.
 This statement is also known as the Statement of ''other'' comprehensive income.
+It is similar to the statement of total recognised gains and losses (STRGL) or statement of recognised income and expense (SORIE).
 .
-Where there is no separate income statement, the Statement of comprehensive income is the entire statement.
+A combined statement including both the income statement and - separately identified - items of other comprehensive income.
-The first part being the same as an income statement and the second part being the same as the STRGL or SORIE.
 == See also ==
+* [[Equity]]
 * [[Financial statements]]
 * [[Primary statements]]