Usefulness of Comprehensive Income Statement – Preliminary Study on the Example of Companies from the Wig30 Index

Czajor Przemysław (), Druszcz Piotr () and Hendryk Michał ()
Additional contact information
Czajor Przemysław: University of Lodz, Faculty of Management, Lodz, Poland
Druszcz Piotr: Poznan University of Economics and Business,Poznan, Poland
Hendryk Michał: The University of Szczecin,Szczecin, Poland

Financial Sciences. Nauki o Finansach, 2019, vol. 24, issue 4, 10-26

Abstract: The financial result of a company is undoubtedly the most frequently analyzed category in making economic decisions. The changing needs of financial statements users resulted in the replacement of the classic financial result with the broader concept of comprehensive income, which was regulated in the International Accounting Standard 1 Presentation of financial statements. As a result a statement of the entity’s comprehensive income is created. An important element analyzed by the scientific community is the presentation of the mentioned comprehensive income and its usefulness. The purpose of the article is to determine the impact of introducing the obligation to prepare a statement of comprehensive income on the usefulness of the financial statement. The usefulness has been assessed from the perspective of the form of statement of comprehensive income and the relevance of other comprehensive income’s items as compared with net income.

Keywords: comprehensive income; financial reporting (search for similar items in EconPapers)
JEL-codes: G30 M41 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.15611/fins.2019.4.02 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:finsci:v:24:y:2019:i:4:p:10-26:n:2

DOI: 10.15611/fins.2019.4.02

Access Statistics for this article

Financial Sciences. Nauki o Finansach is currently edited by Jacek Uchman

More articles in Financial Sciences. Nauki o Finansach from Sciendo
Bibliographic data for series maintained by Peter Golla ().