Research On The Confirmation And Reporting Of Income-Statement Elements In The View Of Comprehensive Income

Based on the traditional income concept, the income statement only presents the "realized" income. All kinds of "not-realized" earnings information together could not fully present in the financial statements which leads to not-meeting the needs of users of financial information. Especially in today’s economic environment, the enterprise economic activity innovation emerge in endlessly which causes the continuous extension of the earnings information. In order to achieve the demand of the accounting objectives, the reform of the income statement has to be achieved.In view of the insufficiency of traditional income statement, the countries all over the world gradually to speed up the modifying of the profit to the enterprise standard system. Since the1990’s, ASB, FASB and IASB have the improvement study on the income statement, and put forward the comprehensive income and comprehensive income statement. Standards institution in China has been trying to the reform of the income statement after a long time research, however, there are still many problems worth further discussions.So, on the basis of relevant theories, this paper analyses the advantages and challenges of traditional income statement. Based on the research of IASB and FASB on comprehensive income report, the preliminary improvement of the traditional income statement in our country are also considered, under the concept of comprehensive income, it proposed to rebuild the income statement elements system, and introduces the "profit and loss" and comprehensive income into the system. And on this basis, combined with China’s national conditions, put forward suggestions about the recognition and presentation of the income statement’s elements. Then the implementation of specific measures of comprehensive income report in China would be discussed. Finally, based on the data of the traditional profit statement of listed company to reconstruct elements under the concept of comprehensive income in the income statement, it would like to take the empirical test. Hope this research would help to improve our country’s financial report mode, and overcome the limitations of the income statement.