Improvement and enhancement of the income statement
Jin-yu Tian, Zi-yuan Zhang
Available Online August 2016.
- https://doi.org/10.2991/icassr-15.2016.139How to use a DOI?
- The Income Statement;Problems;Improvement
- 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.
- 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 -