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The Comprehensive Income €“ A New Dimension In Measuring The Financial Results By Applying Ifrs

Author

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  • Florin – Cristian GHEORGHE

    (Valahia University of Targoviste, Romania)

Abstract

A premise of the normalization accounting, the globalization is characterized by the interaction of financial, material and human resources at international level. It develops and diversifies the transactions produced by economic entities, which influences the opportunity of processing and communication of information. A normalization of the synthesis situation (financial reporting) concerning the comprehensive income which would replace or complete the traditional format of the income statement has become a permanent joint project initiated by IASB and FASB to achieve convergence between the standards of IFRS and USA GAAP.

Suggested Citation

  • Florin – Cristian GHEORGHE, 2021. "The Comprehensive Income €“ A New Dimension In Measuring The Financial Results By Applying Ifrs," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 6(3), pages 26-31.
    • Handle: RePEc:brc:brccej:v:6:y:2021:i:3:p:26-31
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    References listed on IDEAS

    as
    1. Dhaliwal, Dan & Subramanyam, K. R. & Trezevant, Robert, 1999. "Is comprehensive income superior to net income as a measure of firm performance?1," Journal of Accounting and Economics, Elsevier, vol. 26(1-3), pages 43-67, January.
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    More about this item

    Keywords

    global result; IFRS; US GAAP; the IASB accounting normalization; fair value;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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