tailieunhanh - Ebook Issues in financial accounting (15/E): Part 2

Part 2 book “ Issues in financial accounting” has contents: The statement of comprehensive income and further financial reporting issues, industry accounting standards , international accounting, accounting and the community. | part 3 The statement of comprehensive income and further financial reporting issues Chapter 16 The statement of comprehensive income 502 Chapter 17 The statement of cash flows 530 Chapter 18 Financial reporting: Segment reporting, statements of value added, highlights statements and future-oriented financial information 549 Chapter 19 Further financial reporting issues 589 Copyright © Pearson Australia (a division of Pearson Australia Group Pty Ltd) 2013 – 9781442561175 - Henderson/Issues in Financial Accounting 15e 501 10/07/13 1:53 PM Chapter 16 The statement of comprehensive income Introduction Measurement of profit Accounting standards The form and content of the performance statement Revenue Classification of expenses Unusual items LEARNING OBJECTIVES After studying this chapter you should be able to: 1 understand different approaches to profit measurement; 2 understand the approach 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 118 ‘Revenue’ for the recognition and measurement of revenue in the statement of comprehensive income; 5 calculate interest revenue using the effective interest method; 6 apply the requirements of AASB 101 ‘Presentation of Financial Statements’ for the classification of expenses; and 7 understand the required treatment of unusual items in AASB 101 ‘Presentation of Financial Statements’. Copyright © Pearson Australia (a division of Pearson Australia Group Pty Ltd) 2013 – 9781442561175 - Henderson/Issues in Financial Accounting 15e 502 10/07/13 1:53 PM C HAP T E R 16 T H E S TAT EM EN T O F C O M P R EH EN S I V E I NC O M E 503 Introduction The statement of profit or loss and other comprehensive income is one of four financial statements that comprise the