Difference between Statement of All Recognized Gains and Losses and Traditional Performance Statements

I. The differences between the Statement of All Recognized Gains and Losses and the traditional performance statement are mainly in the following aspects:

1. The Statement of All Recognized Gains and Losses is an auxiliary statement to the traditional income statement, which serves as a secondary performance statement

2. The main elements reported in the Statement of All Recognized Gains and Losses are net gains and losses, unrealized revaluation gains (losses) on assets, unrealized gains (losses) on investments in transactions, and differences in the translation of net investments in foreign currencies at current exchange rates.

3. The traditional performance statement reflects only the performance elements.

4, the statement of all recognized gains and losses and the statement of comprehensive income are basically the same format, both start from the traditional income statement of net income, increase the comprehensive income items in addition to net income, including the revaluation of fixed assets, foreign currency statement translation differences, differences in the changes in the fair value of long-term securities held for sale, etc., and finally report the total comprehensive income.

The main features of the UK's "Statement of All Recognized Gains and Losses"

1. The main purpose of the UK's "Statement of All Recognized Gains and Losses" is to include those items that are recognized in the current period, bypassing the income statement, and are recognized directly in the income statement through the "provision". The main purpose of the UK "Statement of All Recognized Gains and Losses" is to report the full financial performance of the business by reflecting in the statement those items unrelated to shareholder transactions that bypass the income statement in the current period and are directly attributable to changes in shareholders' funds through "provisions".

2. The UK Statement of All Recognized Gains and Losses is presented as a statement of performance on a par with the traditional income statement, i.e., it presents the financial performance of an enterprise in terms of both the traditional income statement and the Statement of All Recognized Gains and Losses***. financial performance of an enterprise.

3. The statement reduces the status of the realization principle by reflecting unrealized and unrecognized items in addition to realized and recognized items in the income statement, and therefore allows users to consider all gains and losses when evaluating the financial performance of an enterprise.

4. Adopting the concept of large gains and large losses, it includes gains and losses as elements of financial statements and replaces income and expenses.

3. Format of Statement of All Recognized Gains and Losses and Traditional Performance Statement

1. Statement of All Recognized Gains and Losses (see picture)

(Chinese)

(British)

2. Traditional Performance Statement (see picture)

4. Source of Statement of All Recognized Gains and Losses

5. In October 1992, the British Accounting Standards Board (ASB) issued Financial Reporting Standard 3 (FRS3) "Reporting Financial Performance" (Reporting Financial Performance), taking the lead in requiring companies to "statement totalrecognized gains and losses? (statement totalrecognized gains losses)" as the main external financial statements, and the income statement together *** together with the presentation of the full financial performance of a reporting entity.