Proceedings of Annual Spain Business Research Conference
26 - 27 May 2016, Novotel Barcelona City Hotel, Barcelona, Spain, ISBN: 978-1-925488-05-0
Analyzing the Other Comprehensive Income Statement
According to Turkish Accounting Standards
Cihat Savsar
Income statement is a kind of financial statement that presents the performance of the entities
in an accounting period. Recently there is common idea that income statement prepared
according to traditional approach has no ability to present real performance of entities.After that
IASB has regulated the format of income statement. After the regulation entities can present
profit or loss and other comprehensive income in two ways. One of them is presenting a single
statement of comprehensive income and the other one is preparing two statements: a statement
displaying components of profit or lossand a second statement beginning with profit or loss and
displaying the components of OCI (a statement of other comprehensive income). Other
comprehensive income represents the certain gains and losses of the entities not recognized in
the profit or loss account. In this study we will try to give information about items should be
reported as other comprehensive income. Some of items mentioned are property
revaluationchanges,
actuarial gains (losses) on defined benefit pension
plan,
exchange differences arising on translating foreign operations, subsequent changes in the fair
value of an investment in an equity instrument that is within the scope of TFRS 9,total fair value
change in profit or loss; and to present the portion attributable to changes in own credit risk in
other comprehensive income.
Keywords: Turkish Accounting Standards, Other Comprehensive Income, Accounting.
Jel Classification: M40, M41, M49.
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Asistant Prof. Dr. Cihat SAVSAR, Hitit University, Faculty of Economics and Administrative Sciences, Banking and
Finance Department, Akkent 3.Cad. No: 3 Akkent Çorum/TÜRKİYE. Email: cihatsavsar@hitit.edu.tr, Telefon: +90 364 225
77 00, Fax: +90 364 225 77 11