Global Standards for the world economy

Tuesday 23 May 2017

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Financial Statement Presentation

IASB meeting summaries and observer notes

 IASB 4 May 2010



The boards discussed whether to change the title of the proposed accounting update for the statement of comprehensive income.

The IASB tentatively decided to change the title of the Statement of Comprehensive Income to Statement of Profit or Loss and Other Comprehensive Income. The title would not be mandatory, but it would be used in all IFRS literature.

The FASB tentatively decided to keep using the title Statement of Comprehensive Income for the proposed accounting update.

The boards plan to issue the proposals in May 2010 for comments.

Date: 5/4/2010