Page 36 - FINAL CFA I SLIDES JUNE 2019 DAY 7
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Session Unit 7:
24. Understanding Income Statements
LOS 24.k: Evaluate a company’s financial performance using common-size income statements and
financial ratios based on the income statement, p.67
LOS 24.l: Describe, calculate, and interpret comprehensive income, p.67
LOS 24.m: Describe other comprehensive income and identify major types of items included in it.
tanties
Comprehensive income is a more inclusive measure that includes all
changes in equity except for owner contributions and distributions:
• Foreign currency translation gains and losses;
• Adjustments for minimum pension liability.
• Unrealized gains and losses from cash flow hedging derivatives.
• Unrealized gains and losses from available-for-sale securities.
