Statement of Comprehensive Income
/ˈsteɪtmənt əv kɒmprɪˈhɛnsɪv ˈɪnkʌm/
Definitions
- (n.) A financial report displaying a company’s total comprehensive income, including net income and other comprehensive income elements such as revaluation gains or foreign currency adjustments, relevant for legal compliance in financial disclosures.
The statement of comprehensive income must be filed to satisfy regulatory reporting requirements.
Forms
- statement of comprehensive income
- statements of comprehensive income
Related terms
See also
Commentary
This statement extends beyond net income to include gains and losses excluded from profit or loss but affecting equity, important in corporate law and financial regulation contexts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.