Research On Disclosure Of Other Comprehensive Income

With the development of economy and society,financial instrument continue to innovate,the traditional financial statements can not reflect the overall performance of the financial instruments,some of the benefits of innovation can not be seen in the traditional income statement.In this context,other comprehensive income arises at the historic moment.Since the first disclosure of other comprehensive income information in 2009,other comprehensive income information disclosure has been experienced seven years,scholars have made some research on other comprehensive income information disclosure.However,after the issuance of the revised version of the Accounting Standards for Business Enterprises No.30-Financial Statements in 2014,how has the disclosure of other comprehensive income developed,how to evaluate the quality of disclosure?Scholars pay little attention.In this paper,we first use the normative research method to sort out the concept of other comprehensive income,summed up the characteristics of other comprehensive income.Secondly,in 2014 and 2015 Shanghai A shares of listed companies as samples,using the method of statistical analysis,studying the status quo of the disclosure study of other comprehensive income in the financial statements.From the overall situation and the industry situation at two levels to disclose of the amount of disclosure,the number of companies and the disclosure of specific projects and other aspects of the analysis.According to the analysis,it is found that about half of the companyin the two years have disclosed other comprehensive income information,and the amount of disclosure has yet to be increased;In terms of disclosure amount,the amount of disclosure of foreign currency financial statements and the fair value of available-for-sale financial assets are the largest.Sub-industry research found that financial and insurance companies disclosed the largest proportion of the company and disclosed the largest average.At the same time,we found some problems of other comprehensive income informationdisclosure in financial statements.After the enactment of "Revised draft",other comprehensive income classification report improved obviously,but there are still problems,namely: the same data between different report are different;the profit statement is not in accordance with the requirements of the standard format of disclosure;disclosure note does not comply with the requirement of disclosure.Summarize the problems existing in the process of disclosure and analyze the reasons.Then,through self-builtscoring method,scoring other comprehensive income in 2014 and 2015 of Shanghai A shares financial and insurance industry,and selecting the best and the worst case to do further analysis.The author found that the main cause of the other comprehensive income information disclosure problems are in three aspects:First,the accounting staff pay little attention on other comprehensive income information disclosure;Second,China's other comprehensive income system is not enough complete,lacking of specialized guidelines;Third is the lack of other comprehensive income information disclosure evaluation system.In order to improve the quality of other comprehensive income information disclosure,aiming at the problems existing in the present stage,taking into account the cost and benefit principle,practice and specific conditions of the financial report,put forward the following suggestions: to improve the recognition and measurement of other comprehensive income;specifically the introduction of other comprehensive income standards;improve the professional quality of accounting personnel;to establish the evaluation system of other comprehensive income information disclosure.