Chart of accounts (COA) Canada 2010 - Non-financial industries - Income statement - Supplementary accounts

4 - Revenue

Revenues are increases in economic resources, either by way of inflows or enhancements of assets or reductions of liabilities, resulting from the ordinary activities of an entity. Revenues of entities normally arise from the distribution, delivery and production of goods, the rendering of services or the use by others of entity resources yielding rent, interest, royalties or dividends.

• Exclusion(s)

  • gains and losses on the sale of assets
  • gains and losses on the translation of foreign currency
  • unrealized gains (asset valuation increases)
  • gains and losses on derivative instruments

5 - Expenses

Expenses are decreases in economic resources, either by way of outflows or reductions of assets or incurrence of liabilities, resulting from entity's ordinary revenue generating or service delivery activities.

6 - Gains/losses, corporate taxes and other items

This family of accounts covers both realized and unrealized gains or losses, corporate income tax, non-recurring income and expenses, minority shareholders' portion of the net income of consolidated subsidiaries, net income of unconsolidated subsidiaries, affiliates and joint ventures, and adjustments due to the cumulative effect of changes in accounting principles.

• Inclusion(s)

  • realized gain/loss on the disposal of capital asset
  • realized gain/loss on the sale of investment that are not held for trading
  • realized gain/loss on the sale of resource property
  • gains and losses on the translation of foreign currency to Canadian currency
  • unrealized gain/loss including revaluations, write-downs and write-offs of assets held
  • gains and losses on derivatives instruments
  • extraordinary gains and losses
  • non-recurring income and expenses
  • corporate income tax, both current and deferred
  • net income of unconsolidated subsidiaries, affiliates, partnerships and joint ventures including oil and gas partnerships and joint ventures, mining partnerships and joint ventures, foreign branches and divisions
  • the portion of net income of consolidated subsidiaries that accrues to minority shareholders

7 - Other comprehensive income

Comprehensive income is the change in the company's net assets that result from transactions, events and circumstances from sources other than the company shareholders. It includes items that would not normally be included in net income. Report realized and unrealized gains and losses on the disposal of available-for-sale financial assets.

This family of accounts is explained in detail in section 1530 of the CICA handbook.