| With the diversification and complication of investing and financing, and with the constant innovation of financial instruments, we are facing the disadvantage of traditional income statement, which can not give us report timely and fully. More and more people require that the traditional income statement should be improved. FASB, ASB and IASC have made great achievement that a comprehensive income statement should be provided by the companies. The comprehensive income statement comprises all recognized gains and losses. Then comprehensive income becomes the focus of more and more experts. By discussing the comprehensive income, the paper tries to find out a way to found a system of reporting comprehensive that is fit to the situation of our country.The paper consists of five parts. In the first part, I mainly introduce the background of comprehensive income and its development. The second part is the summarization of comprehensive income theory, including the production of researchers and FASB, ASB and IASC. The third part is one emphasis of this paper, in which I pay attention to the recognition and measurement of comprehensive income. After referring to foreign accounting principles, and combining with accounting principles and accounting system of our country, a feasible way is brought forward. The forth part is another emphasis of the paper, which discusses the trend of comprehensive income in China. Through the investigation of the annual report of public companies, which are listed in the Shanghai and Shenzhen stock market, I try to find the situation of the issue about the comprehensive income in the public company report and analyze the situation, and then to note the necessarity of reporting the entire income in China. What's more, I came up with some new opinions about the content which the comprehensive income should bear. The fifth part is the assumption of how reporting comprehensive income step by step in China. |
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