SFAS 130: Comp. Income_en

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