Title: A single statement of financial performance: its time has come
Abstract: At present, entities in several countries report a ‘traditional’ measure of financial performance in the statement of financial performance, and a measure of comprehensive income in a separate statement, such as a statement of changes in equity. In 1999, members of the Institute of Chartered Accountants of New Zealand were surveyed to obtain their views on whether a single statement of financial performance should be introduced. The findings provided strong support for the introduction of a single statement, and the preferred method of presentation was a statement that discloses both the modified historical cost net surplus and comprehensive income.
Publication Year: 2001
Publication Date: 2001-06-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 11
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