SFAS #130 IAS #1 _en
Al-Azhar University - Gaza
Faculty of Economics & Administrative Sciences
Department of Business Administration
Financial Statement Presentation
Comprehensive income – SFAS 130, IAS 1
Submitted by:
Kayan H. K. AlSarraj
Sarah N. M. Alian
Submitted to:
Dr. Emad AbuShabaan
Research submitted in partial fulfillment of the requirement for the degree Bachelor in Business Administration
Al-Azhar University - Gaza
May 2011
Table of continents :
PART 1: INTRODUCTION
1.1 objective of the study
1.2 Definitions of terms
1.3 FASB & IASB financial statement presentation project
PART 2: FASB – SFAS 130
2.1 Introduction to SFAS 130
2.2 Interaction of ASC 220 - GAAP
2.3 comprehensive income elements
2.4 Presenting information for comprehensive income
2.5 The difference between net income and comprehensive income
2.6 Amendments to SFAS 130
2.7 Summary
PART 3: IASB - IAS 1
3.1: Introduction to IAS1:
3.2: Comprehensive Income classification and terms:
3.3: Presentation of comprehensive Income:
3.4: Amendment to IAS 1
3.5: Interaction with other projects
3.6: Is comprehensive income required by IAS 1 relevant for users?
3.7 Will the proposed amendment change the calculation of Earnings per Share (EPS)?
3.8: Summary
PART 4: CONCLUSION
4.1 The difference and similarities between two standards
4.2 Effects of amendments
4.3 Appendix
4.4 References