Comprehensive Income Theory And Its Applicability In China,

"Income" , no matter in the field of economics or accountancy, is the key point of the research. The economist and accounting experts have a different understanding about it for ages; therefore it initiated a lot of disputes. With the rapid changes of the world recently, such as the increasing integration of financial markets, the becoming globalization of capital flows and the complicated diversification of business activities, it becomes more important for an enterprise to get income information timely and accurately. Traditional accounting theory is limited to the report of the achieved income in a certain accounting period. However, the economic income theory is difficult to measure. Because its theoretical value is higher than the practical value. How to define the concept of "income" is facing the new challenge. It is under this background that the comprehensive income theory, a kind of brand-new income theory, is accepted by the people. The comprehensive report based on this theory is becoming the new focus of the contemporary theoretical research.Started from the history of the economics income and accounting income, this thesis drew the overall income theory concept and its confirmation and measurement on the base of comparing the characteristic difference and inner link between economic income and accounting income. By analyzing the international methods of making comprehensive income report of America, England, IASC, G4 +1, etc., drawing lessons from its part which meets the national conditions of China, positive research is carried on. It is analyzed that the overall income theory pursues the enlightenment of the overall income report to our country. The necessity and feasibility of the overall income report in our country are discussed. The basic model and implement measures of comprehensive report are proposed according to our national conditions. Comprehensive income report is the last harmonious unity of the long-term game between economic income and accounting income theory. Implementing comprehensive theory is an inevitable trend of social development and economic progress in China. It is important to put forward the model of comprehensive income report in the field of economics and accountancy.