Chapter 5 - Merchandising & multi-step income statement. The main contents of this chapter include all of the following: 3 basic types of companies: service businesses, merchandiser, manufacturer; income statement: multiple step format; inventory methods;...
Chapter 4 - The income statement and statement of cash flows. This chapter has a twofold purpose: to consider important issues dealing with income statement content, presentation, and disclosure and to provide an overview of the statement of cash flows, which is covered in depth in Chapter 21.
This chapter has a twofold purpose: to consider important issues dealing with income statement content, presentation, and disclosure and to provide an overview of the statement of cash flows, which is covered in depth in Chapter 21.
Chapter 4 - Understanding income statements. This chapter describe the components of the income statement and alternative presentation formats of that statement; describe general principles of revenue recognition and accrual accounting, specific revenue recognition applications (including accounting for long-term contracts, installment sales, barter transactions, gross and net reporting of revenue), and implications of revenue recognition principles for financial analysis;...
Upon completion of this chapter you should understand: Basic concepts associated with the Income Statement, basic concepts associated with the Balance Sheet, cash flow and cash flow statements, financial statement generation and the accounting equation, other types of financial statements.
Chapter 9 - Prospective analysis. We study forecasting and pro forma analysis of financial statements in this chapter. We provide a detailed example of the forecasting process to project the income statement, the balance sheet, and the statement of cash flows. We describe the relevance of forecasting for security valuation and provide an example using forecasted financial statements to implement a valuation model. We discuss the concept of value drivers and their reversion to long-run equilibrium levels.
(BQ) Part 1 book "Financial statement analysis" has contents: The adversarial nature of financial reporting, the balance sheet, the income statement, the statement of cash flows, what is profit, revenue recognition, revenue recognition, the reliability of disclosures and audits, the applications and limitations of EBITDA,...and other contents.
Other Comprehensive Income
Statement of Financial Accounting Standards No. 130 Comprehensive income includes traditional net income and changes in equity from nonowner transactions.
1. Changes in the market value of securities available for sale (described in Chapter 12). 2. Gains, losses, and amendment costs for pensions and other postretirement plans (described in Chapter 17). 3. When a derivative is designated as a cash flow hedge is adjusted to fair value, the gain or loss is deferred as a component of comprehensive income and included in...
Bài giảng Chapter 3: financial statements, cash flow, and taxes presents of balance sheet, income statement, statement of cash flows, accounting income versus cash flow,MVA and EVA, personal taxes, corporate taxes.
Cash flow statement may provide considerable information about what is really happening in a business beyond that contained in either the income statement or the balance sheet. Analyzing this statement should not present an intimidating task, instead it will quickly become obvious that the benefits of understanding the sources and uses of a company’s cash far outweigh the costs of undertaking some very straightforward analyses.
Relevant financial information is provided primarily through financial statements and related disclosure notes.
Statement of Cash Flows.
Statement of Shareholders’ Equity.
Depreciation, depletion, and amortization are cost allocation processes. We allocate the cost of the asset to expense over its useful life in some rational and systematic manner. The unused portion of the asset’s cost appears on the balance sheet. We allocate a portion of the cost to expense on the income statement each accounting period.
Chapter 1 - Financial statement analysis: An introduction. This chapter describe the roles of financial reporting and financial statement analysis; describe the roles of the key financial statements (statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows) in evaluating a company’s performance and financial position; describe the importance of financial statement notes and supplementary information—including disclosures of accounting policies, methods and estimates—and management’s commentary;…
In this introduction series , we are providing a
simple, basic overview of financial
statements and how to analyze them. In this
first video, we explain what the income
statement is and the information that is
presented on it. In the next video, we explain
how to analyze the income statement, and in
subsequent videos we cover the balance
sheet and cash flow statement. The
information presented in these videos is also
available in a free download, which includes
definitions of most terms mentioned in these
Chapter 3 - Operating decisions and the income statement. In this chapter we will discuss how business activities affect the income statement of a company. We will also look at how these activities are recognized, recorded and measured. Finally, we will look at the preparation of an income statement.
(BQ) Part 1 book "Principles of accounting" has contents: The role of accounting in starting a business, establishing a business and the balance sheet, operating a business and the income statement, accounting systems, merchandising operations, internal control and cash, current liabilities and payroll,...and other contents.
(BQ) Part 1 book "Intermediate accounting" has contents: Financial accounting and accounting standards, conceptual framework for financial reporting, the accounting information system, income statement and related information, balance sheet and statement of cash flows,...and other contents.
After completing this chapter you should be able to: Prepare the entries for cash dividends and stock dividends, identify the items reported in a retained earnings statement, describe the form and content of corporation income statements, compute earnings per share,...and other contents.
After reading this chapter, you will be able to: Define accounting and describe the different uses of accounting information; demonstrate the accounting process; decipher the various components of an income statement in order to evaluate a firm's "bottom line"; interpret a company's balance sheet to determine its current financial position; analyze financial statements, using ratio analysis, to evaluate a company's performance; assess a company's financial position using its accounting statements and ratio analysis.