Page 71 - Ebook Financial Accounting 3

4.2 The Format of the Financial Statements

Malaysian Financial Reporting Standard 101 - Presentation of Financial Statements deal with

the presentation of general-purpose financial statement. There is no specific standard format to
be adopted for financial report. The suggested format is given below:

a) Statement of Comprehensive Income

➢ SOCI is a financial statement that summarizes the results of a company’s operations for

a period of time.

Company Name
Statement of Comprehensive Income for the year ended……

Note rm rm rm

Revenue xxx
(-) Return inward (xxx) xxx

Opening Inventories xxx

Purchase xxx

- Return Outward (xxx) xxx
Carriage inward xxx

- Closing Inventories (xxx)
COGS (xxx)

Gross Profit xxx

Add: Revenue

Receivable Rental xxx

Investment Interest xxx xxx

Less: Expenses

e.g: Depreciation (xxx)
Salary (xxx)

Discount allowed (xxx)
Carriage outward (xxx)

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