La struttura del Comprehensive Income Statement: le indicazioni del progetto congiunto IASB-FASB Financial Statement Presentation

Author/s Michele Pisani
Publishing Year 2011 Issue 2011/4
Language Italian Pages 40 P. 9-48 File size 988 KB
DOI 10.3280/FR2011-004002
DOI is like a bar code for intellectual property: to have more infomation click here

Below, you can see the article first page

If you want to buy this article in PDF format, you can do it, following the instructions to buy download credits

Article preview

FrancoAngeli is member of Publishers International Linking Association, Inc (PILA), a not-for-profit association which run the CrossRef service enabling links to and from online scholarly content.

The IASB and the US FASB are presently involved in a joint project on financial statement presentation. After a discussion paper, published in October 2008, on July 2010 the boards decided to post a staff draft of proposed standard that reflect tentative decisions made to date, as a basis for extended stakeholder outreach activities. The objective of the financial statement presentation project is to establish a global standard that will guide the organisation and presentation of information in the financial statements, but the focus is on reporting comprehensive income. Since the IASB and the FASB accounting model mixes two income determination systems, namely, historical cost accounting and fair value accounting, an interesting question pertains to whether the display of comprehensive income should reflect the existence of these two paradigms. This article scrutinizes the proposed amendments to IAS 1 comprehensive income statement format while it reviews analytic, empirical and experimental research that addresses the presentation of income and the format of the income statement and presents the typical arguments made by proponents of historical cost net income and comprehensive fair value income. The research results are somewhat mixed, but they support the conservative decisions of the boards.

Keywords: Comprehensive income, income statement, performance measure, earnings attributes; historical cost accounting, fair value accounting

  • Presentation of Other Comprehensive Income: Is There a Relationship with the Total Amount, the Sign and the Volatility of Such Accounting Items? Marisa Agostini, in SSRN Electronic Journal /2014
    DOI: 10.2139/ssrn.2495007

Michele Pisani, La struttura del <i>Comprehensive Income Statement</i>: le indicazioni del progetto congiunto <i>IASB-FASB Financial Statement Presentation</i> in "FINANCIAL REPORTING" 4/2011, pp 9-48, DOI: 10.3280/FR2011-004002