Đang chuẩn bị liên kết để tải về tài liệu:
Lecture Intermediate accounting (15th edition): Chapter 4 - Kieso, Weygandt, Warfield

Chapter 4 - Income statement and related information. After studying this chapter, you should be able to: Understand the uses and limitations of an income statement, prepare a single-step income statement, prepare a multiple-step income statement, explain how to report irregular items, explain intraperiod tax allocation. | Prepared by Coby Harmon University of California, Santa Barbara Intermediate Accounting Intermediate Accounting Prepared by Coby Harmon University of California, Santa Barbara Westmont College INTERMEDIATE ACCOUNTING F I F T E E N T H E D I T I O N Prepared by Coby Harmon University of California Santa Barbara Westmont College kieso weygandt warfield team for success PREVIEW OF CHAPTER Intermediate Accounting 15th Edition Kieso Weygandt Warfield 4 Understand the uses and limitations of an income statement. Describe the content and format of the income statement. Prepare an income statement. Explain how to report various income items. Identify where to report earnings per share information. Understand the reporting of accounting changes and errors. Prepare a retained earnings statement. Explain how to report other comprehensive income. After studying this chapter, you should be able to: Income Statement and Related Information 4 LEARNING OBJECTIVES Evaluate past performance. LO 1 Understand the uses and limitations of an income statement. Help assess the risk or uncertainty of achieving future cash flows. Predicting future performance. Usefulness Income Statement Limitations LO 1 Understand the uses and limitations of an income statement. Companies omit items that cannot be measured reliably. Income is affected by the accounting methods employed. Income measurement involves judgment. Income Statement Companies have incentives to manage income to meet or beat Wall Street expectations, so that market price of stock increases and value of stock options increase. LO 1 Understand the uses and limitations of an income statement. 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 Income Statement Understand the uses and limitations of an income statement. Describe the content and format of the income statement. Prepare an income statement. Explain how to report | Prepared by Coby Harmon University of California, Santa Barbara Intermediate Accounting Intermediate Accounting Prepared by Coby Harmon University of California, Santa Barbara Westmont College INTERMEDIATE ACCOUNTING F I F T E E N T H E D I T I O N Prepared by Coby Harmon University of California Santa Barbara Westmont College kieso weygandt warfield team for success PREVIEW OF CHAPTER Intermediate Accounting 15th Edition Kieso Weygandt Warfield 4 Understand the uses and limitations of an income statement. Describe the content and format of the income statement. Prepare an income statement. Explain how to report various income items. Identify where to report earnings per share information. Understand the reporting of accounting changes and errors. Prepare a retained earnings statement. Explain how to report other comprehensive income. After studying this chapter, you should be able to: Income Statement and Related Information 4 LEARNING OBJECTIVES Evaluate past performance. LO 1 .