CIMA F1 Syllabus B. Financial Statements - Chapter 7: Presentation and disclosure - Notes ^{9 / 10}

The statement of statement of comprehensive income is newly described as "Statement of Financial Performance", however, the framework does not specify whether this statement should consist of a single statement or two statements, it only requires that a total or subtotal for profit or loss must be provided.

It also notes that the statement of profit or loss is the primary source of information about an entity’s financial performance for the reporting period and that only in "exceptional circumstances" the Board may decide that income or expenses are to be included in other comprehensive income.

Notably, the framework does not define profit or loss, thus the question of what goes into profit or loss or into other comprehensive income is still unanswered.