Statement of Comprehensive Income

Profit and Loss Statements > Forum

Statement of Comprehensive Income
Clevian Muchabveyo, Student (University), Zimbabwe, Member
I'd like to understand the definition of a statement of comprehensive income and how to prepare it.
I believe the statement of comprehensive income represents the performance of a business. If there are normal expenses (wages, advertisement etc) we add them and less that with the normal revenues generated during the period (month) and that should result in a profit or a loss.
Having that, if there are other sources of comprehensive income (e.g. personal furniture of the owner), then we also add those.
Lastly we add all the total to get the total comprehensive income....Sign up

What is Comprehensive Income
Dieter Hoffenbrauer, Interim Manager, Germany, Member
The "comprehensive income" is an overview of ALL income and expenses that were recognized during a specified period. The comprehensive...Sign up


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