4.7 CAPTIONS AND LINE ITEMS
4.7.1 Minimum Line Items on the Face of the Statements of Income
IAS 1 simply lists certain items that entities must present on the face of the statement of comprehensive income, without prescribing a sorting order and subtotals that may represent logical subclassifications of income. On the other hand, U.S. GAAP has a piecemeal guidance on presentation interspersed among various accounting pronouncements.
Exhibit 4-8 summarizes the minimum content of the statements of income IFRSs, U.S. GAAP, and SEC rules and regulations. Exhibit 4-10 does the same for insurance entities, while Exhibit 4-12, Exhibit 4-14, Exhibit 4-16, and Exhibit 4-18 refer to banks and similar financial institutions, investment companies, benefit plans, and real estate, respectively. Exhibit 4-7 reports a general key to all these Exhibits.