Improvement and enhancement of the income statement

DOI

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.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 3d International Conference on Applied Social Science Research
PB  - Atlantis Press
SP  - 499
EP  - 501
SN  - 1951-6851
UR  - https://doi.org/10.2991/icassr-15.2016.139
DO  - 10.2991/icassr-15.2016.139
ID  - Tian2016/08
ER  -