TAILIEUCHUNG - Lecture Intermediate accounting (IFRS 2nd 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. | PREVIEW OF CHAPTER Intermediate Accounting IFRS 2nd Edition Kieso, Weygandt, and Warfield 4 Understand the uses and limitations of an income statement. Understand the content and format of the income statement. Prepare an income statement. Explain how to report items in the income statement. Identify where to report earnings per share information. Explain intraperiod tax allocation. 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. Help assess the risk or uncertainty of achieving future cash flows. Predict future performance. Usefulness INCOME STATEMENT LO 1 Limitations Companies omit items that cannot be measured reliably. Income numbers are affected by the accounting methods employed. Income measurement involves judgment. INCOME STATEMENT LO 1 Companies have incentives to manage income to meet earnings targets or to make earnings look less risky. Earnings management is the planned timing of revenues, expenses, gains, and losses to smooth out earnings. 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 LO 1 Understand the uses and limitations of an income statement. Understand the content and format of the income statement. Prepare an income statement. Explain how to report items in the income statement. Identify where to report earnings per share information. Explain intraperiod tax allocation. 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 FORMAT OF THE INCOME STATEMENT INCOME – .

• Kế toán - Kiểm toán
• Intermediate accounting
• Lecture Intermediate accounting
• Income statement
• Related information
• Income statement reporting
• Intraperiod tax allocation
• Financial Accounting
• Accounting process
• Accounting equation
• Accounting processing cycle
• Stock issuance
• Estimating reserves
• Liquidating dividends
• Accounting changes
• Error corrections
• Accounting choices
• Theoretical structure
• Accrual accounting
• Financial accounting environment
• Accounting for leases
• Leasing environment
• Accounting by lessee
• Special accounting problems
• Cash versus accrual accounting
• International standard setting
• Accounting standards
• Accounting assists
• The challenges facing accounting
• Income taxes
• Accounting for income taxes
• Deferred tax liabilities
• Error analysis
• Accounting policy
• Accounting estimate
• Accounting policies
• Financial reporting
• Accounting information system
• Measurement issues
• Characteristics of accounting
• Capital allocation process