Income Statements (Performance Reporting)
Date recorded:
The staff reviewed the Board tentative conclusions for a multi-column income statement that separates Income and Expenses Other than Remeasurements from Income and Expenses Resulting from Remeasurements. They noted that a small number of field tests have begun in the United Kingdom. The Board asked the NSS representatives to solicit feedback from companies in their countries. All agreed that such a fundamental change to the traditional income statement will require a broad educational effort by the IASB.