Not all changes in the fair value of assets and liabilities have an impact on earnings: in some cases individual standards require to include those changes in equity, and to recycle them in the income statement only when realized. However, there is no strong conceptual justification for having some income and expenses reported in the income statement while others taken directly to equity. This approach brings to a notion of Capital Maintenance which is not fine settled. Moreover, net income is not a complete measure of financial performance. The shortcomings of net income as a measure of financial performance, help explaining why another measure of performance, comprehensive income, has gained consideration among standard setters. Infact comprehensive income, is the object of a IASB-FASB joint project on reporting financial performance.
Il Comprehensive Income nei progetti contabili internazionali / Catuogno, Simona. - In: RIVISTA ITALIANA DI RAGIONERIA E DI ECONOMIA AZIENDALE. - ISSN 1593-9154. - STAMPA. - Anno 2007:3 e 4(2007), pp. 192-203.
Il Comprehensive Income nei progetti contabili internazionali
CATUOGNO, SIMONA
2007
Abstract
Not all changes in the fair value of assets and liabilities have an impact on earnings: in some cases individual standards require to include those changes in equity, and to recycle them in the income statement only when realized. However, there is no strong conceptual justification for having some income and expenses reported in the income statement while others taken directly to equity. This approach brings to a notion of Capital Maintenance which is not fine settled. Moreover, net income is not a complete measure of financial performance. The shortcomings of net income as a measure of financial performance, help explaining why another measure of performance, comprehensive income, has gained consideration among standard setters. Infact comprehensive income, is the object of a IASB-FASB joint project on reporting financial performance.File | Dimensione | Formato | |
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