To present the Profit and Loss Account (Income Statement) and Statement of Comprehensive Income as a single statement (where Other Comprehensive Income is to be disclosed) within Accounts Production, please select
- Open the client in Accounts Production.
- Click Accounts Setup on the left navigation menu.
- Click Statement Preferences.
- Select tick box for Include Statement of Comprehensive Income in Full Financial Statements.
- Select radio button for Single Statement of Comprehensive Income.
A small company is not required to produce either a Statement of Changes in Equity, Statement of Comprehensive Income or a Statement of Income and Retained Earnings but is encouraged to do so.