Usefulness of comprehensive income statement : preliminary study on the example of companies from the Wig30 Index
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The financial result of a company is undoubtedly the most frequently analyzed category in
making economic decisions. The changing needs of financial statements users resulted in the replacement
of the classic financial result with the broader concept of comprehensive income, which was regulated
in the International Accounting Standard 1 Presentation of financial statements. As a result a statement
of the entity’s comprehensive income is created. An important element analyzed by the scientific
community is the presentation of the mentioned comprehensive income and its usefulness. The purpose
of the article is to determine the impact of introducing the obligation to prepare a statement of
comprehensive income on the usefulness of the financial statement. The usefulness has been assessed
from the perspective of the form of statement of comprehensive income and the relevance of other
comprehensive income’s items as compared with net income.
making economic decisions. The changing needs of financial statements users resulted in the replacement
of the classic financial result with the broader concept of comprehensive income, which was regulated
in the International Accounting Standard 1 Presentation of financial statements. As a result a statement
of the entity’s comprehensive income is created. An important element analyzed by the scientific
community is the presentation of the mentioned comprehensive income and its usefulness. The purpose
of the article is to determine the impact of introducing the obligation to prepare a statement of
comprehensive income on the usefulness of the financial statement. The usefulness has been assessed
from the perspective of the form of statement of comprehensive income and the relevance of other
comprehensive income’s items as compared with net income.