西方财务会计_原版课件04

Chapter4-1Chapter4-2CHAPTER4INCOMESTATEMENTANDRELATEDINFORMATIONIntermediateAccounting13thEditionKieso,Weygandt,andWarfieldChapter4-31.Understandtheusesandlimitationsofanincomestatement.2.Prepareasingle-stepincomestatement.3.Prepareamultiple-stepincomestatement.4.Explainhowtoreportirregularitems.5.Explainintraperiodtaxallocation.6.Identifywheretoreportearningspershareinformation.7.Preparearetainedearningsstatement.8.Explainhowtoreportothercomprehensiveincome.LearningObjectivesChapter4-4ElementsSingle-stepMultiple-stepCondensedincomestatementsIncomeStatementFormatoftheIncomeStatementReportingIrregularItemsSpecialReportingIssuesUsefulnessLimitationsQualityofEarningsDiscontinuedoperationsExtraordinaryitemsUnusualgainsandlossesChangesinaccountingprinciplesChangesinestimatesCorrectionsoferrorsIntraperiodtaxallocationEarningspershareRetainedearningsstatementComprehensiveincomeIncomeStatementandRelatedInformationChapter4-5Evaluatepastperformance.IncomeStatementLO1Understandtheusesandlimitationsofanincomestatement.Helpassesstheriskoruncertaintyofachievingfuturecashflows.Predictingfutureperformance.UsefulnessChapter4-6Companiesomititemsthatcannotbemeasuredreliably.IncomeStatementLimitationsLO1Understandtheusesandlimitationsofanincomestatement.Incomemeasurementinvolvesjudgment.Incomeisaffectedbytheaccountingmethodsemployed.Chapter4-7CompanieshaveincentivestomanageincometomeetorbeatWallStreetexpectations,sothatmarketpriceofstockincreasesandvalueofstockoptionsincrease.IncomeStatementLO1Understandtheusesandlimitationsofanincomestatement.Qualityofearningsisreducedifearningsmanagementresultsininformationthatislessusefulforpredictingfutureearningsandcashflows.QualityofEarningsChapter4-8FormatoftheIncomeStatementLO1Understandtheusesandlimitationsofanincomestatement.Revenues–Inflowsorotherenhancementsofassetsorsettlementsofitsliabilitiesthatconstitutetheentity’songoingmajororcentraloperations.SalesFeerevenueInterestrevenueDividendrevenueRentrevenueExamplesofRevenueAccountsElementsoftheIncomeStatementChapter4-9FormatoftheIncomeStatementLO1Understandtheusesandlimitationsofanincomestatement.Expenses–Outflowsorotherusing-upofassetsorincurrencesofliabilitiesthatconstitutetheentity’songoingmajororcentraloperations.CostofgoodssoldDepreciationexpenseInterestexpenseRentexpenseSalaryexpenseExamplesofExpenseAccountsElementsoftheIncomeStatementChapter4-10FormatoftheIncomeStatementLO1Understandtheusesandlimitationsofanincomestatement.Gains–Increasesinequity(netassets)fromperipheralorincidentaltransactions.Losses-Decreasesinequity(netassets)fromperipheralorincidentaltransactions.Gainsandlossescanresultfromsaleofinvestmentsorplantassets,settlementofliabilities,write-offsofassets.ElementsoftheIncomeStatementChapter4-11Single-StepFormatLO2Prepareasingle-stepincomestatement.Thesingle-stepstatementconsistsofjusttwogroupings:IncomeStatement(inthousands)Revenues:Sales285,000$Interestrevenue17,000Totalrevenue302,000Expenses:Costofgoodssold149,000Sellingexpense10,000Administrativeexpense43,000Interestexpense21,000Incometaxexpense24,000Totalexpenses247,000Netincome55,000$Earningspershare0.75$RevenuesExpensesNetIncomeSingle-StepNodistinctionbetweenOperatingandNon-operatingcategories.Chapter4-12Thesingle-stepincomestatementemphasizesa.thegrossprofitfigure.b.totalrevenuesandtotalexpenses.c.extraordinaryitemsmorethanitisemphasizedinthemultiple-stepincomestatement.d.thevariouscomponentsofincomefromcontinuingoperations.ReviewSingle-StepFormatLO2Prepareasingle-stepincomestatement.Chapter4-13Separatesoperatingtransactionsfromnonoperatingtransactions.Matchescostsandexpenseswithrelatedrevenues.Highlightscertainintermediatecomponentsofincomethatanalystsuse.LO3Prepareamultiple-stepincomestatement.Multiple-StepFormatBackgroundChapter4-141.Operatingsection2.Nonoperatingsection3.Incometax4.Discontinuedoperations5.Extraordinaryitems6.EarningspershareLO3Prepareamultiple-stepincomestatement.Multiple-StepFormatIncomeStatementSectionsChapter4-15Multiple-StepFormatLO3Prepareamultiple-stepincomestatement.Thepresentationdividesinformationintomajorsections.IncomeStatement(inthousands)Sales285,000$Costofgoodssold149,000Grossprofit136,000Operatingexpenses:Sellingexpenses10,000Administrativeexpenses43,000Totaloperatingexpense53,000Incomefromoperations83,000Otherrevenue(expense):Interestrevenue17,000Interestexpense(21,000)Totalother(4,000)Incomebeforetaxes79,000Incometaxexpense24,000Netincome55,000$Earningspershare0.75$1.OperatingSection2.NonoperatingSection3.IncometaxChapter4-16Multiple-StepFormatAdministrativeexpense:Sales96,500$Officers'salaries4,900$Costofgoodssold63,750Depreciation3,960Grossprofit32,750Costofgoodssold63,750OperatingExpenses:Rentalrevenue17,230Sellingexpense17,150Sellingexpense:Administrativeexense8,860Transportation-out2,690Totaloperatingexpenses26,010Salescommissions7,980Incomefromoperations6,740Depreciation6,480Otherrevenue(expense):Sales96,500Rentalrevenue17,230Incometaxexpense7,580Interestexpense(1,860)Interestexpense1,860Totalother15,370Incomebefore