Design And Application Research Of The Comprehensive Income Statement

Since the late20th century, the entire economic structure of society changedsignificantly. The international finance and trade develops rapidly. All of these enableenterprises to produce more new and non-traditional revenue. Meanwhile, with thedevelopment of economic integration, the world’s different regions and countriesbecome more closely linked, and This further requires that the domestic and foreignaccounting standards have a similar disclosure of corporate financial information. Butnow, national and international accounting standards and practices still varyconsiderably in the consolidated income presentation aspects. Therefore, to search fora proper ideas of comprehensive income presentation improvement which can adaptto China’s basic national conditions and be able to coordinate with internationalaccounting standards has a great significance.Through access to a large literature, the article introduces the research status ofcomprehensive income and consolidated income theories. Then on the basis ofrelevant theories, the article highlights the necessity of comprehensive incomepresentation, elaborates the status of consolidated income presentation, and analyzesthe defects in aspects of consolidated income accounting elements and statementpresentation. Thirdly, this paper proposes an improvement idea of the consolidatedincome presentation from four aspects which include the accounting elements,income statement, financial evaluation factors and safeguard measures. Among them,the elements improvement is to remove the "profit" element, redefine "income" and"charges" and add "other comprehensive income". Based on this, the article improvesthe presentation of specific items of comprehensive income and the consolidatedincome statements. In addition, the article improves the related performanceevaluation indicators and proposes a series safeguard measures on the improvementidea. All of these will ensure the specific implementation of the new idea about thecomprehensive income presentation. Finally, the article select a case, and theimprovement idea of the consolidated income statement presentation will be used inthe case. With the idea, the enterprise can provide fully comprehensive incomeinformation. And more importantly, it is able to provide a reference for the futureresearch and implementation of new ideas about the comprehensive incomepresentation.