Accounting Dictionary

Comprehensive Income

Comprehensive Income is a term used in IFRS (International Financial Reporting Standards). Comprehensive Income equals net income + other comprehensive income.

Net income is the profit made by the company. Other comprehensive income is the increase or decrease in market value of unsold assets. For instance, let’s say you bought some stock for $10,000 and sold it for $25,000. The $15,000 in profit would become part of your net income. But what if the stock increased in value to $25,000 and you didn’t sell it. In that case the $15,000 would become part of other comprehensive income. In a way it is income you COULD have if you decided to sell. It’s a gain you haven’t recorded as part of net income. If you bought stock for $10,000 and it decreased in value to $3,000 you would have other comprehensive income of negative $7000 or a loss you have not recorded as part of net income.

Sign Up to Learn More!

Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!

Scroll to Top
Get Your eBook Today!

Fill out this form to have our eBook sent directly to your email address.

Access Until You Pass

The Elite-Unlimited course provides UNLIMITED continuing access to your course materials until you pass the CPA Exam! How does it work? Upon activating your course, you will have an initial 36 months of access. You can then renew your subscription as many times as you need to pass your exams—for FREE. Simply click the “renew” option in your student account and you can continue studying your high-quality course materials without losing any of your data and course progress.

Renewal Instructions

  •   Please purchase a renewal using the "Renew" option from the My Account page
  •   To qualify for renewal pricing, course must be renewed before it expires
  •   All renewals are effective from the current expiration date and cannot be deferred
  •   Test information cannot be reset (deleted) with renewal unless eligibility criteria is met (see Help page)