tailieunhanh - Ebook Issues in financial accounting (16/E): Part 2

(BQ) Part 2 book “Issues in financial accounting” has contents: The statement of comprehensive income, further financial reporting issues, accounting for the extractive industries, accounting for agricultural activity, accounting for corporate social responsibilities, and other content. | PA RT 3 The statement of comprehensive income and further financial reporting issues Chapter 14 The statement of comprehensive income 528 Chapter 15 Revenue 565 Chapter 16 The statement of cash flows 602 Chapter 17 Financial reporting: Segment reporting and highlights statements 624 Chapter 18 Further financial reporting issues 661 Copyright © Pearson Australia (a division of Pearson Australia Group Pty Ltd) 2017—9781488611643—Henderson/Issues in Financial Accounting 16e 14 Introduction Measurement of profit Accounting standards The form and content of the performance statement Revenue Classification of expenses Other comprehensive income Unusual items Reporting of non-statutory profit measures The statement of value added The statement of comprehensive income Learning objectives After studying this chapter you should be able to: 1 explain different approaches to profit measurement; 2 explain the approach to profit measurement adopted in Australia; 3 apply the requirements for the preparation of a statement of comprehensive income in AASB 101 ‘Presentation of Financial Statements’; 4 apply the requirements of AASB 101 ‘Presentation of Financial Statements’ to revenue and the classification of expenses; 5 identify and apply the requirements of AASB 101 ‘Presentation of Financial Statements’ to other comprehensive income; 6 apply the required treatment of unusual items in AASB 101 ‘Presentation of Financial Statements’; 7 explain the use of non-statutory profit measures; and 8 explain the information disclosed in a statement of value added. Copyright © Pearson Australia (a division of Pearson Australia Group Pty Ltd) 2017—9781488611643—Henderson/Issues in Financial Accounting 16e  Introduction The statement of profit or loss and other comprehensive income is one of four financial statements that comprise the components of a complete set of financial statements (AASB 101, para. .