Profitability and banks’ financial statements: new data flows and interpretation methods

The introduction of Ias/Ifrs caused a deep innovation in banks’ data flow and is also inspiring the accounting standard setters in sketching new and more complex interpretation methods. The profitability analysis demands a more accurate and detailed approach necessary to manage complex and often changing information flows, like the Statement of Comprehensive Income. Even the Iasb’s draft Management Commentary is focusing on the importance of financial and nonfinancial indicators, as a means to understand management’s objectives and the level of their achievement