Study of Comprehensive Income Accounting Model and Report
|School||Dongbei University of Finance|
|Keywords||comprehensive income comprehensive income theory overallearnings report|
The world continue to promote international financial reform of the regulatory framework recent years, established a unified global high-quality accounting standards is important. the International Accounting Standards Board (IASB) continue to speed up the process of improvement of the relevant criteria. At the same time, China’s traditional earnings reports already can not meet the requirements of the users of financial statements, the traditional earnings reports only reflect realized gains, ignoring the added value of unrealized, which makes the current period’s earnings report is not complete, so comprehensive income report will gradually replace traditional report. But considered China’s specific national conditions, we can not fully follow the footsteps of international accounting standards, we can not completely copy international theory and experience, we want to have our own comprehensive income line. Based on the theory of comprehensive income, the guiding foundation, drawing on the experience of the implementation of our comprehensive income abroad, our future should the implementation of comprehensive income report type, and to explore the theory of comprehensive income in the purposes of our country and the future development.In this paper, the study is divided into six parts:The first part is the introduction, mainly on the theoretical significance and practical value, as well as the research status of the comprehensive income concept study of the concept of comprehensive income, and put forward the ideas and methods of this research, and actively explore at this article.The second part is about the evolution of the theory of comprehensive income countries, including the United States, the United Kingdom, the International Accounting Standards, at the same time give the story of the history development of comprehensive income theory. Then Summarizes the theory the concept of comprehensive income, including the meaning of comprehensive income and measurement, the analysis and comparison of comprehensive income theory and the theory of traditional accounting income.The third part is the presentation of comprehensive income. This section explains the variety of ways that the presentation of comprehensive income and comprehensive income report and financial statements compared to identify the advantages of comprehensive income presentation.Part IV and Part V is about exploring the application of comprehensive income in our specific accounting standards, and various problems of comprehensive income during our use of it. Then summary the suggestions and prospects of comprehensive income.Part VI as the most important part of this article, based on the analysis of the entire article, the authors propose comprehensive income should adhere to the principles of the process of applying and features, in the summarize abroad Standards basis to retain their own characteristics, while the domestic company wants to go abroad should consider comprehensive income. Finally give the comprehensive income reporting model which suited to China.The innovation of this paper is:(1)Discuss possible applications of our new environment when use comprehensive income report, specifically listed the items of comprehensive income should be included in the report.(2)Because of China’s rapid economic development, more and more companies require overseas listing to seek broader opportunities for development. In this environment, if China continues to maintain a conservative attitude to follow up on the International Accounting Standards for the overseas listed companies, it should be add which items. Whether domestic financial statements can be maintained unchanged, while the other made in the notes to elaborate form of overseas listing.