haku: @indexterm financial accounting / yhteensä: 306
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| Tekijä: | Luecke, R. W. Meeting, D. T. |
| Otsikko: | How companies report income |
| Lehti: | Journal of Accountancy
1998 : MAY, VOL. 185:5, p. 45-50, 52 |
| Asiasana: | ACCOUNTING STANDARDS DISCLOSURE FINANCIAL PERFORMANCE FINANCIAL ACCOUNTING FINANCIAL REPORTING USA |
| Kieli: | eng |
| Tiivistelmä: | Over time, businesses have used different reporting concepts in preparing the financial statements. With Statement no. 130, the FASB has moved closer to an all-inclusive income determination method. The pendulum of income reporting is again changing direction. At different times over the years, businesses have used two major income reporting concepts. Under the current operating performance concept, extraordinary and non-recurring gains and losses are excluded from income. Under the all-inclusive concept, all items, including extraordinary and non-recurring gains and losses, go to the income statement; the result is a "clean surplus," since all gains and losses are reported in the income statement. |
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