FOR the last six years or so, corporate financial statements have sported a new disclosure in the form of "comprehensive income" and "other comprehensive income". The change was introduced to improve ...

Companies periodically report gains, losses, income and expenses on their income statements. This statement distinguishes between your company's results from operations and those from other sources.

In an effort to simplify its Accounting Standards Codification, FASB has combined its guidance for income statements and comprehensive income into one topic. Previously, FASB’s guidance on these ...

Mr. Park (62) manages financial assets worth approximately 500 million Korean won, generating around 25 million won in annual ...

FASB on Thursday issued an Accounting Standards Update (ASU) that the board said is intended to increase the prominence of other comprehensive income in financial statements and to facilitate ...

12月29日召开的国务院常务会议，决定延续实施部分个人所得税优惠政策。 为减轻个人所得税负担（reduce the burden of individual income tax），缓解中低收入群体压力（alleviate the pressure of low- and middle-income groups），会议决定： The year-end one-off bonus will not ...

Net income seems straightforward: It is the result when expenses (administrative expenses, business expenses, interest expenses, operating costs and other expenses) are subtracted from revenue. This ...

BELOW every "net profit" line comes "total comprehensive income". What's the difference? Which profit line should investors pay attention to? Total comprehensive income is net profit adjusted for the ...

UPDATE (August 28, 2023): According to a circular jointly released by the Ministry of Finance and the State Taxation Administration, China will extend the preferential tax treatment for the annual one ...

Andre McNeil, CFA, works as an associate with Goldman Sachs. He has 7+ years of experience in the financial services industry. Lea Uradu, J.D., is a Maryland state registered tax preparer, ...

On Thursday at AEI, AEI’s Bruce D. Meyer presented a progress report on a new data set he is developing to measure income and poverty. Dr. Meyer cited several problems with the three main data sources ...