IASB FASB DP [2008] DP [2008] ASBJ International Accounting Standards Board IASB Financial Accounting Standards Board FASB compreh

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1 1 2 IASB FASB DP [2008] DP [2008] ASBJ International Accounting Standards BoardIASB Financial Accounting Standards BoardFASB comprehensive income net income earnings

2 Statement of Comprehensive Income FASB Accounting Standards BoardASB IASB GAAP 1 issues 1 FASB 1986 Financial Instruments Project FASB Project on reporting comprehensive income Exposure Draft ED Reporting Comprehensive Income Statement of Financial Accounting StandardsSFAS 130 Reporting comprehensive Income SFAS130 SFAS130 2 par GAAP Generally Accepted Accounting Plinciples Practices 2 8 SFAS105 SFAS107 SFAS119 SFAS114 SFAS115 SFAS118 SFAS125 SFAS133

3 par reclassification adjustments 3 par Financial Reporting StatementFRS 3 Reporting Financial Performance FRS3 Statement of total recognised gains and losses Accounting Standards CommitteeASC Accounting Standards BoardASB ASB Financial Reporting Exposure DraftFRED 1 The structure of financial statementsreporting of financial performance FRED FRS3 FRS3 FRS3 reconciliation of movements in shareholders funds gains losses par. 13 FRS International Accounting Standards CommitteeIASC 1997 International Accounting StandardIAS 1 Presentation of Financial Statements G FASB reclassification adjustments IASB recycle should not be recognised twice 4 SFAS130 5 FRS3 [2005] 6 FRS3 information set 7 G4+1 IASC

4 Reporting Financial performance Current Developments and Future Directions G Reporting Financial performanceproposals for change G G multicolumn 9 reconciliation G41 D D

5 G G G FRS IASC IASB IASB 11 ASB IASB FASB convergence IASB FASB 2 IASB FASB IASB FASB income expense presentation display complete set of financial statements phases a. A statements b. B aggregating di saggregating totals subtotals fundamental issues c. C U.S.GAAP 11 IASB Financial performance reporting Reporting comprehensive income Financial Statement Presentation FASB Project on reporting financial performace IASB

6 , IASB IAS34 A IAS1 net income comprehensive income B IASB FASB Preliminary View on Financial Statement Presentation IASBFASB DP comment letter IASBFASB DP2008 DP2008 Portrays a cohesive financial picture of an entity s activities Statement of Financial Position 15 profit or loss net income IAS1

7 IASB FASB DP2008 scheme 2 par. 55 & par IASBFASB DP Accounting Standards Board of JapanASBJ 17 IASBFASB DP2008 ASBJ 1 IASBFASB DP IASB/FASB FASBIASB

8 p.20 IASB FASB 2011 DP p.20 ASBJ Net income Net income p.20 ASBJ cohesive financial picture 19 ASBJ 2009 par cohesiveness ASBJ[2009]pars

9 1990 IASBFASB DP2008 IASB IASB IASB G DP2008 DP2008 G411999

10 IASB FASB IASB 2010 B FASB Statement of Comprehensive Income IASB FASB FASB IASBFASB DP Statements of Financial Accounting ConceptsSFAC 3 Elements of Financial Statements of Business Enterpris es SFAC3 SFAC3 SFAC3 SFAC6 SFAC6 par

11 FASB SFAC5 SFAC p.77

12 Dechow 1994, Dechow Dechow 1994, Dechow

13 IASB International Organization of Seccurities Commissions IOSCO IASB adaptation 110 Securities and Exchange CommissionSEC ASB1992Accounting Standards Board, Financial Reporting Standards FRS 3 Reporting financial performance, Accounting Standards Board, October ASBJ Dechow 1994 Dechow, P.M., Accounting earnings and cash flows as measures offirm performance: The role of accounting accruals, Journal of Accounting and Economic 18, pp Dechow 1998Dechow, P.M., S.P. Kothari, Ross L. Watts, The relation between earnings

14 and cash flows, Journal of Accounting and Economic 25, pp FASB1985 Financial Accounting Standards Board, Statement of Financial Accounting Concepts No. 6 SFAC6 Elements of Financial Statements Revision of SFAC No. 3, Financial Accounting Standards Board, December FASB1997 Financial Accounting Standards Board, Statement of Financial Accounting Standards No. 130 SFAS130 Reporting Comprehensive Income, Financial Accounting Standards Board, June G L.Todd Johnson and Andrew Lennard et al., Reporting Financial PerformanceCurrent Developments and Future Directions, 1998 G411999Kathryn Cearns et al., Reporting Financial Performanceproposals for change, 1999 IASB&FASB2008IASB&FASB Joint project, Discussion Paper DP Preliminary Views on Financial Statement Presentation, October 16, ASBJ pp IASB/FASB Vol. 61 No pp IFRSs pp pp

15 A Study of the Institutionalization of the Comprehensive Income Statement An Inquiry into Accounting Theory The purpose of this paper is to clarity the position and nature of net income and comprehensive income through the research of the process of the Institutionalization of the Comprehensive Income Statement, and aiming at a coherent accounting theory. Prior toapril 2004, many standard-setting organizations projects on financial performance reporting were being conducted independently. Members of the projects issued several documents about financial performance reporting. For example, members of the former G41 issued Special Reports in January 1998 and Septmber However, they could not reach a final decision. In April 2004, the IASB and FASB agreed that a project of this nature should be conducted jointly to promote the convergence of accounting standards used internationally. On October 16, 2008, this joint project of the both Boards published a discussion paper, Preliminary View on Financial Statement Presentation. Now the joint project is discussing theestablishment of standards that will guide the organization and presentation of information in financial statements. This paper analyzes the above process of the institutionalization based on double entry book-keeping system, and suggests that there is a need to change the current accounting theory based on net income in order to establish standards for cohesive financial statements.

会社法制上の資本制度の変容と企業会計上の資本概念について

会社法制上の資本制度の変容と企業会計上の資本概念について IMES DISCUSSION PAPER SERIES Discussion Paper No. 2006-J-1 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN 103-8660 30 http://www.imes.boj.or.jp IMES Discussion Paper Series 2006-J-1 2006 1