Comprehensive Income


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Comprehensive Income

Comprehensive income is the change in equity of a business enterprise during a period from transactions and other events from non-owner sources. It includes all non-owner changes in equity (in contrast to net income which does not include some changes in equity). Financial Accounting Standards Board (FASB) issued the Statement of Financial Accounting Standards No. 130 (SFAS 130), Reporting Comprehensive Income. For fiscal years beginning after December 15, 1997, SFAS 130 requires the disclosure of both net income and a more 'comprehensive? measure of income which includes four items recorded as owners? equity under previous FASB pronouncements: adjustments to unrealized gains and losses on available-for-sale marketable securities (SFAS 115), foreign currency translation adjustments (SFAS 52), minimum required pension liability adjustments (SFAS 87), and changes in the market values of certain futures contracts qualifying as hedges (SFAS 80).

Comprehensive Income

The income of a company from any transaction that does not involve an owner's investment or distribution to an owner. For example, if a company exchanges two currencies for practical, rather than investment, purposes, any profit from the transaction may be considered comprehensive income. Comprehensive income contrasts with net income.
References in periodicals archive ?
Total other comprehensive income was approximately USD3.3 million for the three months ended March 31, 2016, compared to total other comprehensive loss of approximately USD8.2 million for the three months ended March 31, 2015.
Fannie Mae, Washington, D.C., reported net income of $4.6 billion in the second quarter and comprehensive income of $4.4 billion.
Furthermore, total comprehensive income amounted to P18.0 billion, a 27 percent increase from 2013.
This article deals with financial reporting requirements for comprehensive income (CI), primarily for U.S.
Total comprehensive income increased to Dh5.3 billion from Dh1.6 billion in 2012 primarily driven by the significant improvement in income from financial investments.
Net income attributed to common shareholders jumped 55 percent, to $321.8 million, and adjusted comprehensive income rose to $340 million, a 39 percent increase.
The results indicate that the potential effect is that total comprehensive income is lower than the traditional net income number for a majority of firms studied.
This question provides candidates with a trial balance and several notes, usually between seven and 12 (depending on the detail), and requires them to prepare the key financial statements: the statement of comprehensive income, the statement of changes in equity and the statement of financial position.
According to the consolidated report of comprehensive income published on the website of Kyrgyzstan Stock Exchange, the profit of "Kyrgyztelecom" in the first half of 2012 decreased by 4 times and amounted to 92 thousand 96 soms comparing to the same period of 2011, reported Tazabek.
says May net income fell 41 percent on a drop in total comprehensive income.
Indeed, unlike the net income, the fair value incomes established under IFRS7 and IAS 39 standard (i.e., comprehensive income and full fair value income) are supposed to disclose a more faithful reflection of the market's valuations of the balance-sheet's assets and liabilities by taking into consideration the unrealized capital gains and losses on the items in the accounts.

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