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    CHAPTER 26 Statement of Comprehensive Income (Concept Map)

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    kateyy99
    1. The document outlines the key requirements for presenting statements of comprehensive income, changes in equity, and cash flows under full PFRS and SME standards. 2. It specifies the line items to be presented in the statement of comprehensive income, including those relating to foreign currency translation, cash flow hedges, and remeasurements of defined benefit plans. 3. Guidelines are provided for the classification of expenses in the statement of comprehensive income, and the presentation of statements of changes in equity, income and retained earnings, and cash flows.

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    CHAPTER 26 Statement of Comprehensive Income (Concept Map)

    Uploaded by

    kateyy99
    353 views1 page
    1. The document outlines the key requirements for presenting statements of comprehensive income, changes in equity, and cash flows under full PFRS and SME standards. 2. It specifies the line items to be presented in the statement of comprehensive income, including those relating to foreign currency translation, cash flow hedges, and remeasurements of defined benefit plans. 3. Guidelines are provided for the classification of expenses in the statement of comprehensive income, and the presentation of statements of changes in equity, income and retained earnings, and cash flows.

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    1. The document outlines the key requirements for presenting statements of comprehensive income, changes in equity, and cash flows under full PFRS and SME standards. 2. It specifies the line items to be presented in the statement of comprehensive income, including those relating to foreign currency translation, cash flow hedges, and remeasurements of defined benefit plans. 3. Guidelines are provided for the classification of expenses in the statement of comprehensive income, and the presentation of statements of changes in equity, income and retained earnings, and cash flows.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    353 views1 page

    CHAPTER 26 Statement of Comprehensive Income (Concept Map)

    Uploaded by

    kateyy99
    1. The document outlines the key requirements for presenting statements of comprehensive income, changes in equity, and cash flows under full PFRS and SME standards. 2. It specifies the line items to be presented in the statement of comprehensive income, including those relating to foreign currency translation, cash flow hedges, and remeasurements of defined benefit plans. 3. Guidelines are provided for the classification of expenses in the statement of comprehensive income, and the presentation of statements of changes in equity, income and retained earnings, and cash flows.

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    STATEMENT OF COMPREHENSIVE INCOME

    SMEs STATEMENT OF CHANGES IN OWNERS EQUITY Full PFRS


    STATEMENT OF CASH FLOWS

    1. Gain or loss from translating the financial statements of 1. Gain or loss from translating the financial statements of a
    a foreign corporation foreign corporation.
    COMPONENTS
    2. Actuarial gain or loss on defined benefit plan 2. Remeasurements including actuarial G/L
    3. Change in fair value of hedging instruments 3. Unrealized G/L from cashflow hedge
    4. Revaluation surplus. 4. Unrealized G/L on equity investment at FV TOCI
    5. Unrealized G/L on debt investment at FV TOCI
    6. Revaluation surpus for the year
    A single statement of total comprehensive income or two
    7. Change in FV to credit risk of financial liability at FVTPL
    statements comprising an income statement and statement
    PRESENTATION
    of comprehensive income can be presented. Additional line
    items/sub-totals may be presented if relevant.
    A. Line Items that will be reclassified to profit or loss
    1. Foreign exchange- G/L from translation
    Based on either the nature or function of the expenses ANALYSIS OF 2. Cash flow hedge- Unrealized G/L
    whichever provides reliable and relevant information. EXPENSES 3. Debt investment at FVTOCI- Unrealized G/L
    B. Other line items not mentioned above are not reclassified
    same as full PFRS
    based on either the nature or function of the expenses
    1. Total comprehensive income for the period whichever provides reliable and relevant information
    2. The effects of retrospective restatement for each equity
    LINE ITEMS
    component
    3. Changes in ownership interest in subsidiaries tat do not Revenue, Finance cost, share of profit or loss, income tax
    result in loss of control.
    STATEMENT OF expense, discontinued operation, profit or loss, OCI
    CHANGES IN component classified by nature, share in OCI of associate,
    A statement of income and retained income may be EQUITY and comprehensive income.
    presented in place of the statement of comprehensive
    income and statement of changes in equity, if the only STATEMENT OF same Provision as SMEs
    changes to equity comprise profit or loss, payment of INCOME AND
    dividends, corrections of prior year errors and changes in RETAINED not applicable
    accounting policy.
    EARNINGS

    Cash flows are presented as either operating, investing or Cash flows are presented as operating, investing or financing
    STATEMENT OF cash flows. A list of examples is provided for each of these
    financing cash flows. A list of examples is provided for each
    of these classifications. CASH FLOWS classifications.

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