TAILIEUCHUNG - Lecture Accounting: What the numbers mean (10/e): Chapter 9 - Marshall, McManus, Viele

Chapter 9 - The income statement and the statement of cash flows. After reading this chapter, you should be able to answer the following questions: What is revenue, and what are the two criteria that permit revenue recognition? How is cost of goods sold determined under both perpetual and periodic inventory accounting systems? What is the significance of gross profit, and how is gross profit calculated and used?. | © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. Accounting: What The Numbers Mean Tenth Edition Marshall, McManus, and Viele Chapter 9 The Income Statement and the Statement of Cash Flows PowerPoint Authors: Susan Coomer Galbreath, ., CPA Charles W. Caldwell, ., CMA Jon A. Booker, ., CPA, CIA Cynthia J. Rooney, ., CPA Chapter 9: The Income Statement and the Statement of Cash Flows Learning Objectives After studying this chapter you should understand and be able to: Explain what revenue is and what the two criteria are that permit revenue recognition. Describe how cost of goods sold is determined under both perpetual and periodic inventory accounting systems. Discuss the significance of gross profit and describe how the gross profit ratio is calculated and used. Identify the principal categories and components of “other operating expenses” and show how these items are reported on the income statement. Explain what “income from operations” includes and why this income statement subtotal is significant to managers and financial analysts. Describe the components of the earnings per share calculation and discuss the reasons for some of the refinements made in that calculation. Compare and contrast the alternative income statement presentation models. Discuss the meaning and significance of each of the unusual items that may appear on the income statement. Describe the purpose and outline the general format of the statement of cash flows. Illustrate the difference between the direct and indirect methods of presenting cash flows from operating activities Summarize why the statement of cash flows is significant to financial analysts and investors. 9- After studying this chapter you should understand and be able to: Explain what revenue is and what the two criteria are that permit revenue recognition. Describe how cost of goods sold is determined under both perpetual and periodic inventory accounting systems. Discuss the significance of

• Kế toán - Kiểm toán
• Lecture Accounting
• Financial accounting
• Managerial accounting
• Accounting information
• Income statement
• Statement of cash flows
• Lecture Financial accounting
• Management accounting
• Accounting standards
• Accounting equation
• Intermediate accounting
• Lecture Intermediate accounting
• Accounting process
• Accounting processing cycle
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Merchandising operations
• Lecture Accounting 1
• Accounting for main transactions
• Accounting for purchases
• Accounting for sales
• Accounting for expenses
• Principle of accounting
• Lecture Principle of accounting
• The basic accounting equation
• Transaction analysis in accounting equation
• Calculate the accounting equation
• Lecture Advanced financial accounting
• Bài giảng Kế toán tài chính nâng cao
• Advanced financial accounting
• Accounting policies
• Accounting estimate
• Retrospective application
• Changes in accounting estimates
• Retrospective restatements
• Accounting assumptions
• Lecture Management accounting
• Bài giảng Kế toán quản trị
• Nature of management accounting
• Component of accounting system
• Financial system
• Lecture Accounting and financial system
• Ledger accounting
• Trial balance
• Completing the accounting cycle
• Accounting cycle
• Accounting worksheet
• Classified balance sheet
• Accounting changes
• Error corrections
• Accounting choices
• Accounting for business
• Lecture Accounting for business
• Accounting entity
• Classification of assets
• Accounting equation transactions