Information Transparency of the Statement of Comprehensive Income: The Reporting Practice of WIG30 and DAX Companies

摘要

This article aims to identify changes in the form of the statement of comprehensiveudincome in companies in the WIG30 and DAX indices. It also aims to identify andudgrade components of other comprehensive income, in terms of the informationudtransparency of the presentation options. The article demonstrates also the impactudof national cultural dimensions on the form of the statement of comprehensiveudincome. The study found that most of the surveyed companies present theirudstatement of comprehensive income in two statements, with the number ofudaccounting notes regarding comprehensive income presented by companies in theirudfinancial statements increasing over the period under study. The study identified fourudoptions for the presentation of other comprehensive income components used byudthe surveyed companies in the years 2012-2014, with the particular option chosenudreflecting the different information transparency of the statement of comprehensiveudincome. The results show that the practice of reporting in the area of the statementudof comprehensive income of the DAX index companies is ahead of that in theudWIG30 index. The research results on information transparency of the statement ofudcomprehensive income correspond to one of the national cultural dimensions.