Statement of profit or loss and other comprehensive income: Difference between revisions
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imported>Doug Williamson (Add note about presentation as one or two statements.) |
imported>Doug Williamson (Add link.) |
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== See also == | == See also == | ||
* [[Financial reporting]] | * [[Financial reporting]] | ||
* [[Other comprehensive income]] | |||
* [[Primary statements]] | * [[Primary statements]] | ||
* [[Profit and Loss account]] | * [[Profit and Loss account]] | ||
Revision as of 23:34, 3 March 2021
Financial reporting - primary statements.
A statement showing the amount and the build up of the reporting entity's profit or loss for the period, together with other comprehensive income.
International Accounting Standards (IAS 1) allows an entity to present a single combined 'Statement of profit and loss and other comprehensive income' or as two separate statements (Statement of comprehensive income and Statement of profit or loss).
