The globalizations of markets and increased international cooperation in the harmonized accounting systems have highlighted the difficulties inherent in the development of generally accepted accounting principles. The Financial Accounting Standards Board, FASB, and the International Accounting Standards Board, IASB, are therefore working - through shared projects – in conducting a “Conceptual Framework Project”, which will lead to increased knowledge and understanding of the principles of international accounting convergence. The process of international harmonization has defined the concept of “Comprehensive Income”, i.e. a new structure of the Income Statement, in which they reside clearly even charges and unrealized gains (as final assets adjustments, monetary exchange variations and so on). The Balance Sheet and the Financial Statements in general, continue to maintain an approach prone to theory of property valuation, given the shareholder, as the main carrier of social interest.

Comprehensive Income. Entity Theory or Entity Concept? A Diplomatic Compromise In Financial Reporting / Cilloni, Andrea. - In: DE COMPUTIS. - ISSN 1886-1881. - 13:25(2016), pp. 8-19.

Comprehensive Income. Entity Theory or Entity Concept? A Diplomatic Compromise In Financial Reporting.

ANDREA CILLONI
2016

Abstract

The globalizations of markets and increased international cooperation in the harmonized accounting systems have highlighted the difficulties inherent in the development of generally accepted accounting principles. The Financial Accounting Standards Board, FASB, and the International Accounting Standards Board, IASB, are therefore working - through shared projects – in conducting a “Conceptual Framework Project”, which will lead to increased knowledge and understanding of the principles of international accounting convergence. The process of international harmonization has defined the concept of “Comprehensive Income”, i.e. a new structure of the Income Statement, in which they reside clearly even charges and unrealized gains (as final assets adjustments, monetary exchange variations and so on). The Balance Sheet and the Financial Statements in general, continue to maintain an approach prone to theory of property valuation, given the shareholder, as the main carrier of social interest.
La globalización de los mercados y aumento de la cooperación internacional en los sistemas armoniza- dos de contabilidad han puesto en relieve las dificultades inherentes a la elaboración de principios de contabili- dad comúnmente aceptados. FASB e IASB están trabajando – a través de proyectos compartidos – en la realización de un “conceptual Framework Project” que llevará a un incremento en el conocimiento y en la comprensión de los principios de convergencia contable internacional.El proceso de armonización internacional ha definido el concepto de “resultado integral”, es decir, una nueva estructura de la cuenta de resultados, en el que residen claramente incluso cargos y ganancias no realiza- das. El balance y los estados financieros en general, siguen manteniendo un enfoque de valoración propensos a la teoría de la propiedad, teniendo en cuenta el accionista, como portador principal de interés social.
Comprehensive Income. Entity Theory or Entity Concept? A Diplomatic Compromise In Financial Reporting / Cilloni, Andrea. - In: DE COMPUTIS. - ISSN 1886-1881. - 13:25(2016), pp. 8-19.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11381/2853410
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