Name: 財務報表----第5講----全面收入表----國際財務報告準則 (Financial Statements - Lecture 5 - Statement of Comprehensive Income - IFRS)
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未來進行式

And in this video, we'll be exploring the statement

Remember in our last video, we covered the income statement,

which provides users with a measure of profitability.

The profit or loss at the bottom of the income statement

is used as an opening number in the statement

This statement then adds or deducts more complex items,

This includes gains and losses from foreign currency

and adjustments to value of other assets and liabilities

at fair value, rather than historical cost, as well as

other items, which are left for more advanced accounting

provides a broader definition of profit or loss,

one that includes both realized and unrealized amounts.

we'll compare it to the concept of realized.

When you sell a service, the sale is in the past.

Your company has provided the service to the customer

Revenue from that sale would go on the income statement,

What if a company bought shares in another company?

The value of the shares when they were purchased

And that would go on the statement of financial position

as an asset, because it has future economic benefit

What if by the end of the year, those shares

had declined in value and were only worth $800,000?

But because you still hold the shares, the loss is unrealized.

because you have not sold the shares as yet.

that have not been realized, because we still own or control

the item that has caused the gain or the loss.

Now, let's look at the structure of the statement

Again, the statement starts with a heading, which must always

of the financial statement, and the time period covered.

than lists the profit or loss, if the company's expenses

are greater than the revenues, from the income statement

first, followed by any other comprehensive income items.

Here, I've used the example of foreign currency

This means that any applicable tax amounts have already

Here, the other comprehensive income items

are an overall gain, but they could have just as easily

These amounts, added or deducted from the beginning profit

or loss amount, are equal to total comprehensive income.

Again, remember that other comprehensive income amounts

Pause the video to answer this check your understanding

IFRS requires the statement of comprehensive income to be--

the correct answer is C. A corporation may decide

to combine comprehensive income and income in one statement

or have two separate statements, as I've shown in this video.

The developers of IFRS felt that unrealized gains and losses

of a corporation could have enormous impact on user

And by ignoring these amounts, user confusion would result.

By adding or deducting these unrealized amounts

from the more traditional definition of profit,

users would have a more comprehensive representation

Remember that profit or loss from the income statement

connected to the statement of comprehensive income.

How is this statement of comprehensive income

connected to the other financial statements?

The amount or amounts of other comprehensive income

is used in the statement of changes in equity,

as part of the accumulated other comprehensive income.

is the income statement first, the statement

the statement of changes in equity, which we'll be covering