On The Improvement Of The Income Statement - Full Earnings Report

With the great change of times and the quick development of society, needing new attitude to accept them. At the time of China entering WTO, the whole society is experiencing a great reform to link with the international world, the reform also is seen in the field of Accounting.In recent years, investment and financing has got variable and complexible growth, at the same time, the financial tools have been changing fast, but, the traditional Income Statement can not apply the needed information for its uncomprehensive content, its late reporting and its possibility of controlling the revenue etc, which made so many experts and investors appeal to improving the traditional Income Statement.Now, FASB, ASB and IASC have been done prominent achievements in this field: To improve the traditional Income Statement, and report the Comprehensive Income. Then- experiences give us so much help. The Income Statement hi our country has been existed for decades, now is also facing changes. According to China's limitation, combining with western advanced experience, here we first discuss the fundamental theory of Income Statement, then research the related theory of Comprehensive Income Statement, at the end, basing on the model of Comprehensive reporting in the western world, we put forward a new model fitting for our special condition.