A Research On The Concept Of Accounting Income

It is necessary to go deep into the concept of accounting income and understand it comprehensively nowadays, especially in the circumstance of accounting internationalization. The concept of accounting income derived from the concept of economic income, where the concept of income firstly appeared. Due to the restrictions such as the nature of accountings the principle of accounting reconisation and measurement, accounting income, which is focused on the practical application is different from economic income which is focused on reflecting what is real income. Since the investors require higher and higher quality information, there will definitely be a big trend that accounting income will be more and more close to the economic income. This trend now has been presented by the introduce of the concept of Comprehensive Income, which now appears in the accounting concept framework and GAAP of several developed country .Our GAAP has not applied this concept due to the economic developing level and our special conditions, but it can not hamper the trend to apply this concept to our accounting practice in the coming future.