Comprehensive income reporting in brokerage firms and investigation of its impact on orerating results

Brokerage firms that mediate in capital markets adapt International Accounting Standards as financial reporting basics. This situation shows a shift from conventional income statement into comprehensive income statement application when it is considered in terms of reporting results of the brokerage firms. Comprehensive income statement requires that paper gains and loses as well as income and expenditure accounts reported during the period that are reported in equities should be added to income statements. This application provides the opportunity to evaluate the performance of brokerage firms with a wider point of view. Comprehensive income statement ends with total comprehensive income item that is calculated by adding paper gains or loses reported in equities to the profit or loss of the period.In this study, the changes between items are tried to be set by means of comparing total comprehensive income items and profit or loss items of the brokerage firms that are the key players in capital markets. The study is made up of four parts. In the first part, main feautures of the brokerage firms are given. In the second part, accounting systems of these firms are studied. In the third part, there are explanations about income and comprehensive income concepts. In the fourth part, an application sample of reporting comprehensive income is given and its outcomes are analyzed.Keywords: Brokerage Firms, International Accounting Standards, Total Comprehensive Income, Comprehensive Income Statement.