9. Comprehensive Income
l. describe, calculate, and interpret comprehensive income;
## m. describe other comprehensive income and identify major types of items included in it.
What is comprehensive income? Comprehensive income is the sum of net income and other items that must bypass the income statement because they have not been realized, including items like an unrealized holding gain or loss from available-for-sale securities and foreign currency translation gains or losses. These items are not part of net income, yet are important enough to be included in comprehensive income, giving the user a bigger, more comprehensive picture of the organization as a whole.
Source:
CFA
Graph:
- 115.040.03 Financial Analysis - Reading 21. Understanding Income Statements to 115.040.03.09 Financial Analysis - Reading 21 - 9. Comprehensive Income