TAILIEUCHUNG - Lecture Financial accounting (10th edition): Chapter 13 - Pratt, Peters

Chapter 13 - The complete income statement. In this chapter students will be able to: Briefly describe how net income is used and why it is considered so important, define and distinguish ten key concepts referred to as the elements of the financial statements. | 2 Chapter 13: The Complete Income Statement 2 3 Learning Objective 1 Briefly describe how net income is used and why it is considered so important. 4 The Economic Consequences Associated with Income Measurement and Disclosure Income is the most common measure of a company’s performance. Relate to stock prices – investors use income in their decisions to buy and sell equity securities Relate to bond prices – debt investors use income in their decisions to buy and sell corporate bonds Used by credit ratings agencies in determining credit ratings Earnings announcements focus on income Measures of income often found in contracts written with shareholders, creditors and managers 5 Learning Objective 2 Define and distinguish ten key concepts referred to as the elements of the financial statements. 6 The Measurement of Income: Different Measures for Different Objectives According to Statement of Financial Accounting Concepts No. 1 objectives of financial reporting are (paraphrased) to .

• Kế toán - Kiểm toán
• Financial accounting
• Lecture Financial accounting
• Kế toán tài chính
• Financial statements
• Complete income statement
• Classifying operating transactions
• Issues in financial accounting
• Accounting standards
• Financial reporting
• Financial Accounting Standards Board
• Fundamental financial accounting
• Lecture Fundamental financial accounting concepts
• Financial statement
• Accounting cycle
• Accounting for accruals
• Accounting system
• Accounting activities
• Financial accounting practice
• Accounting information system
• Accounting terminology
• Reporting financial results
• Evaluating liquidity
• Business firms
• The financial reporting reform
• Accounting information
• Management accounting
• Accounting equation
• Accounting systems
• Decision making
• External financial reporting
• Accounting for business
• Lecture Accounting for business
• Financial accounting reports
• Statement of financial performance
• Accrual accounting systems
• Statement of financial position
• Mastering financial accounting essentials
• Financial accounting essentials
• Accrual accounting
• Income statement
• Accounting conventions
• Internal control
• Accounting for cash
• Accounting for receivables
• Computing uncollectible accounts expense
• Long term debt
• Accounting for long term debt
• Paper F3
• Revision kit 2016
• Accounting Financial
• Accounting Financial Review
• Financial Review accounting exam
• Study text 2016
• Language of business
• Double entry accounting system
• Credit terminology
• Merchandising businesses
• Accounting for merchandising businesses
• Accounting for inventories
• Cash discounts
• The accounting cycle
• International financial reporting standards
• Completing the accounting cycle
• Accounting worksheet
• Classified balance sheet