.Statement of Comprehensive Income
Difficulty: Beginner
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Accenture PLC, Consolidated Statement of Comprehensive Income
USD $ in thousands
| 12 months ended | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | Aug 31, 2013 | Aug 31, 2012 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | Net income | ||||||||||||
| | Foreign currency translation, net of tax | ||||||||||||
| | Defined benefit plans, net of tax | ||||||||||||
| | Cash flow hedges, net of tax | ||||||||||||
| | Marketable securities, net of tax | ||||||||||||
| | Other comprehensive income (loss), net of tax | | | | | | | ||||||
| | Comprehensive income | | | | | | | ||||||
| | Comprehensive income attributable to noncontrolling interests | ||||||||||||
| | Comprehensive income attributable to Accenture plc | | | | | | |
| Item | Description | The company |
|---|---|---|
| Foreign currency translation, net of tax | Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity, net of tax, attributable to the parent entity. | Accenture PLC's foreign currency translation, net of tax increased from 2015 to 2016 and from 2016 to 2017. |
| Defined benefit plans, net of tax | Net changes to accumulated comprehensive income during the period related to benefit plans, after tax, attributable to the parent entity. | Accenture PLC's defined benefit plans, net of tax declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level. |
| Cash flow hedges, net of tax | Net of tax effect change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges, after taxes, that is attributable to the parent entity. A cash flow hedge is a hedge of the exposure to variability in the cash flows of a recognized asset or liability or a forecasted transaction that is attributable to a particular risk. The change includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. | Accenture PLC's cash flow hedges, net of tax increased from 2015 to 2016 but then slightly declined from 2016 to 2017. |
| Marketable securities, net of tax | Gross appreciation or the gross loss in value of the total unsold securities at the end of an accounting period, after tax, attributable to the parent entity. | Accenture PLC's marketable securities, net of tax increased from 2015 to 2016 and from 2016 to 2017. |
| Comprehensive income attributable to Accenture plc | The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. | Accenture PLC's comprehensive income attributable to Accenture plc increased from 2015 to 2016 and from 2016 to 2017. |
