A Study On The Problem Of Accounting Income

This paper proposes the idea of implementing the mode of comprehensive income based on the problems in current accounting income. And it discusses in detailed the related problems in comprehensive income.The paper is divided into three chapters. The first chapter analyses the characteristics and existing problems of current accounting income, and suggests the idea of implementing the mode of comprehensive income. The current accounting income, which is accommodating with the accounting goal of the industrial age, is set as a mode confirming income based on historical cost principle, realizations principle and matching principle. With the development of economy, however, some new sources of income keep coming to us. Under the current mode of accounting income, these new sources of income could not be confirmed. Before the change of accounting theory, some improvement has been made in practice (confirm not realizing income). Implementing the mode of comprehensive income is proposed based on it, and the basic theory of comprehensive income is stated here.The second chapter investigates the reforms on reports of financial achievement carried out by IASC, Britain and the U.S.. The author analyses through comparison the sameness and differences of the reforms, and discusses problems like in what directions future accounting of comprehensive income would go.Accounting problems like recognition, computation and reporting are discussed in the third chapter. The investigation on accounting reforms of various countries shows that all reforms put their emphasis on the report of comprehensive income, and little of recognition and reputation is involved. But the complete accounting principles should include recognition, computation and reporting. So this chapter mainly discusses the above three questions. At the end of this chapter, on the basis of the characteristics of enterprise income and current situation of reports of financial achievement in China, the author proposes that the reports of financial achievement in China should reform toward comprehensive income. The author also gives relative suggestions on how to realize the mode of comprehensive income in China stage by stage.