The Statement of Changes in Equity and Financial Performance. The Necessity of a Global Performance Situation

For the presentation of an enterprise's performance, not only is enough information from the profit and loss account but also is necessary to detail the information about the incomes and expenses recognized directly in the equity and unrealized. This information can be found in the statement of changes in equity. Because users are tempted to give greater importance to the profit and loss account than the changes in equity situation when they analyze the performance of an enterprise, there is a need for a unique financial situation to present the performance, a problem started and supported by two major accounting referential IASB and FASB. Presently it is used the concept of comprehensive result, including a statement of comprehensive incomes, which represents the intersection of financial performance requirements of both the IASB and FASB accounting referential.