中国高校课件下载中心 》 教学资源 》 大学文库

上海交通大学:《中级财务会计》课程教学资源(PPT课件)ch04 Income Statement and Related Information

文档信息
资源类别:文库
文档格式:PPT
文档页数:62
文件大小:1.44MB
团购合买:点击进入团购
内容简介
1.Understand the uses and limitations of an income statement. 2.Prepare a single-step income statement. 3.Prepare a multiple-step income statement. 4.Explain how to report irregular items. 5.Explain intraperiod tax allocation. 6.Identify where to report earnings per share information. 7.Prepare a retained earnings statement. 8.Explain how to report other comprehensive income.
刷新页面文档预览

Income Statement and Related Information DONALD E.KIESO·JERRY J.WEYGANDT TERRY D.WARFIELDII I Intermediate Chapter 4 Accounting EDITION Intermediate Accounting 12th Edition Kieso,Weygandt,and Warfield : www Chapter 4-1

Chapter 4-1 Intermediate Accounting 12th Edition Kieso, Weygandt, and Warfield

Learning Objectives 1.Understand the uses and limitations of an income statement. 2.Prepare a single-step income statement. 3.Prepare a multiple-step income statement. 4.Explain how to report irregular items. 5.Explain intraperiod tax allocation. 6.Identify where to report earnings per share information. 7.Prepare a retained earnings statement. 8.Explain how to report other comprehensive income. Chapter 4-2

Chapter 4-2

Income Statement and Related Information Format of the Special Income Reporting Income Statement Reporting Irregular Items Statement Issues Usefulness Elements 0 Discontinued Intraperiod tax Limitations Single-step operations allocation Quality of Earnings 0 Multiple-step 0 Extraordinary items Earnings per share Condensed income 0 Unusual gains and 0 Retained earnings statements losses statement 0 Changes in Comprehensive accounting income principles 0 Changes in estimates Corrections of errors Chapter 4-3

Chapter 4-3

Income Statement Usefulness of the Income Statement Evaluate past performance. Predicting future performance. Help assess the risk or uncertainty of achieving future cash flows. Chapter 4-4 LO 1 Understand the uses and limitations of an income statement

Chapter 4-4 Evaluate past performance. Predicting future performance. Help assess the risk or uncertainty of achieving future cash flows. Usefulness of the Income Statement

Income Statement Limitations of the Income Statement Companies omit items that cannot be measured reliably. Income is affected by the accounting methods employed. Income measurement involves judgment. Chapter 4-5 LO 1 Understand the uses and limitations of an income statement

Chapter 4-5 Companies omit items that cannot be measured reliably. Income is affected by the accounting methods employed. Income measurement involves judgment. Limitations of the Income Statement

Income Statement Quality of Earnings Companies have incentives to manage income to meet or beat Wall Street expectations,so that the market price of stock increases and the value of stock options increase. Quality of earnings is reduced if earnings management results in information that is less useful for predicting future earnings and cash flows. Chapter 4-6 LO 1 Understand the uses and limitations of an income statement

Chapter 4-6 Companies have incentives to manage income to meet or beat Wall Street expectations, so that the market price of stock increases and the value of stock options increase. Quality of earnings is reduced if earnings management results in information that is less useful for predicting future earnings and cash flows. Quality of Earnings

Elements of the Income Statement Revenues -Inflows or other enhancements of assets or settlements of its liabilities that constitute the entity's ongoing major or central operations. Examples of Revenue Accounts Sales Fee revenue Interest revenue Dividend revenue Rent revenue Chapter 4-7 LO 1 Understand the uses and limitations of an income statement

Chapter 4-7 Revenues Examples of Revenue Accounts

Elements of the Income Statement Expenses Outflows or other using-up of assets or incurrences of liabilities that constitute the entity's ongoing major or central operations. Examples of Expense Accounts 0 Cost of goods sold Depreciation expense Interest expense Rent expense Salary expense Chapter 4-8 LO 1 Understand the uses and limitations of an income statement

Chapter 4-8 Expenses Examples of Expense Accounts

Elements of the Income Statement Gains Increases in equity(net assets)from peripheral or incidental transactions. Losses -Decreases in equity (net assets)from peripheral or incidental transactions. Gains and losses can result from 0 sale of investments or plant assets, settlement of liabilities, write-offs of assets. Chapter 4-9 LO 1 Understand the uses and limitations of an income statement

Chapter 4-9 Gains Losses

Single-Step Income Statement The single-step statement Income Statement (in thousands) consists of just two Revenues: Sales $285,000 groupings: Interest revenue 17,000 Total revenue 302,000 Revenues Expenses: Single- Cost of goods sold 149000 Expenses Step Advertising expense 10,000 Depreciation expense 43,000 Net Income Interest expense 21,000 Income tax expense 24,000 Total expenses 247,000 No distinction between Net income $ 55,000 Operating and Non-operating $ 0.75 categories. Earnings per share Chapter 4-10 LO 2 Prepare a single-step income statement

Chapter 4-10 I n c o m e S t a t e m e n t (in t h o u s a n d s ) R e v e n u e s : S ale s $ 2 8 5 , 0 0 0 I n t e r e s t r e v e n u e 1 7 , 0 0 0 T o t al r e v e n u e 3 0 2 , 0 0 0 E x p e n s e s : C o s t o f g o o d s s old 1 4 9 , 0 0 0 A d v e r tisin g e x p e n s e 1 0 , 0 0 0 D e p r e cia tio n e x p e n s e 4 3 , 0 0 0 I n t e r e s t e x p e n s e 2 1 , 0 0 0 I n c o m e t a x e x p e n s e 2 4 , 0 0 0 T o t al e x p e n s e s 2 4 7 , 0 0 0 N e t i n c o m e $ 5 5 , 0 0 0 E a r n i n g s p e r s h a r e $ 0.7 5

刷新页面下载完整文档
VIP每日下载上限内不扣除下载券和下载次数;
按次数下载不扣除下载券;
注册用户24小时内重复下载只扣除一次;
顺序:VIP每日次数-->可用次数-->下载券;
相关文档