Proceedings of the 3d International Conference on Applied Social Science Research

Improvement and enhancement of the income statement

Authors
Jin-yu Tian, Zi-yuan Zhang
Corresponding Author
Jin-yu Tian
Available Online August 2016.
DOI
https://doi.org/10.2991/icassr-15.2016.139How to use a DOI?
Keywords
The Income Statement;Problems;Improvement
Abstract
In the current accounting standards which was implemented in 2007, with respect to traditional accounting standards, there are some major breakthroughs in the income statement, but there are still some defects such as imperfect statement indicators, arrangement problems and so on. Based on the current analysis on the insufficiency of income statement, we explore the improvement and enhancement, propose a new model of statement that cancels "operating income" and "operating expenses" to increase "gains" and "losses" project, change the structure of the income statement arrangement and fair report and disclose corporate real performance situation and profit level, which contributes the decision-makers to understand and use the income statement information.
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Proceedings
3d International Conference on Applied Social Science Research (ICASSR 2015)
Part of series
Advances in Intelligent Systems Research
Publication Date
August 2016
ISBN
978-94-6252-148-3
ISSN
1951-6851
DOI
https://doi.org/10.2991/icassr-15.2016.139How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Jin-yu Tian
AU  - Zi-yuan Zhang
PY  - 2016/08
DA  - 2016/08
TI  - Improvement and enhancement of the income statement
BT  - 3d International Conference on Applied Social Science Research (ICASSR 2015)
PB  - Atlantis Press
SP  - 499
EP  - 501
SN  - 1951-6851
UR  - https://doi.org/10.2991/icassr-15.2016.139
DO  - https://doi.org/10.2991/icassr-15.2016.139
ID  - Tian2016/08
ER  -