Statement of profit or loss and other comprehensive income: Difference between revisions
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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. | 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). | |||
Revision as of 10:32, 24 December 2020
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).
