版权说明:本文档由用户提供并上传,收益归属内容提供方,若内容存在侵权,请进行举报或认领
文档简介
LessononeLessonThreeLessonFourIncomeStatementIncomestatementisdesignedtoportraytheoperatingresultsforaperiodoftime.LessonFourIncomeStatementAnincomestatementisasummaryoftherevenuesandtheexpensesofabusinessentityforaspecificperiodoftime,suchasamonthorayear.LessonFourIncomeStatementInbusiness,revenueisincomethatacompanyreceivesfromitsnormalbusinessactivities,usuallyfromthesaleofgoodsandservicestocustomers.Inmanycountries,suchastheUnitedKingdom,revenueisreferredtoasturnover.Somecompaniesreceiverevenuefrominterest,dividendsorroyaltiespaidtothembyotherLessonFourIncomeStatementInaccounting,expensehasaveryspecificmeaning.Itisanoutflowofcashorothervaluableassetsfromapersonorcompanytoanotherpersonorcompany.Thisoutflowofcashisgenerallyonesideofatradeforproductsorservicesthathaveequalorbettercurrentorfuturevaluetothebuyerthantotheseller.Technically,anexpenseisaneventinwhichanassetisuseduporaliabilityisincurred.Intermsoftheaccountingequation,expensesreduceowners'equity.LessonFourIncomeStatementRevenueCostofgoodssoldOperatingexpensesLessonFourIncomeStatementGrossProfitNetProfit
NetSales
GrossSales—
SalesReturnsandAllowances
—
SalesDiscountNetSales—CostofGoodsSoldGrossProfit—
OperatingExpensesLessonFourIncomeStatementSalesSalesReturns&AllowancesNetSales-=?LessonFourIncomeStatementTextTextCostofgoodssoldNetPurchasesBeginninginventory+Endinginventory-TransportationIn(PurchasesDiscounts)(PurchasesReturns&Allowance)PurchasesLessonFourIncomeStatementNetSalesGrossProfitonSalesNetIncomefortheperiodLess:costofgoodssoldLess:OperatingexpensesLessonFourIncomeStatementExpensesOperatingExpensesOtherExpensesSellingExpensesAdministrationExpensesInterestExpensesExtraordinaryItemLessonFourIncomeStatementDouknowtherelationshipbetweentheIS&BS?Thenetprofitistransferredtothebalancesheetofthebusinessaspartoftheproprietor’scapital.…….Isee.LessonFourIncomeStatementProfitandlossaccountfortheyearended…
£mTurnoverXCostofsales(X)GrossprofitXDistributioncosts(X)Administrativeexpenses(X)OperatingprofitXInterestpayable(X)InvestmentincomeXProfitonordinaryactivitiesbeforetaxationXTaxation(X)ProfitonordinaryactivitiesaftertaxationXExtraordinaryitems(X)ProfitforthefinancialyearXDividendspaidandproposed(X)RetainedprofitforthefinancialyearXUKformatLessonFourIncomeStatementIncomestatementfortheyearended...$m
RevenueXCostofsales(X)GrossprofitXDistributioncosts(X)Administrativeexpenses(X)ProfitfromoperationsX
Financecost(X)InvestmentincomeXProfitbeforetaxXIncometaxexpense(X)NetprofitfromordinaryactivitiesXExtraordinaryitems(X)NetprofitfortheyearX
InternationalFormatiiiiiiGrossprofit**Grossprofit=saleslesscostofsalesPlusanyotherincomefromsourcesotherthanthesalesofgoodsMinusotherexpensesofthebusiness,notincludedinthecostofgoodssoldNetprofitis:LessonFourIncomeStatementIncomestatementispreparedtopresenttheoperatingresultsofanorganizationforaparticularperiod.
LessonFour—ExerciseaWhatarethepurposeofanincomestatement?Theyarerevenue,costofgoodssoldandoperatingexpenses.LessonFour—Exerciseb.Whatarethemajorcategoriesoftheincomestatementforamerchandisingcompany?Grosssales=quantities×sellingpriceperunitLessonFour—ExerciseNetsales=grosssales-salesreturnsandallowances-salesdiscountsc.Differentiatethegrosssalesandnetsales.Costofgoodsavailableforsale=beginninginventory+netpurchases+transportationinLessonFour—Exercised.Differentiatethecostofgoodsavailableforsalesandcostofgoodssold.Costofgoodssold=Costofgoodsavailableforsale–endinginventorytransportationinlistundertheitem“costofgoodssold”LessonFour—Exercisee.Explaintheappropriatetreatmentoftheitems“transportationin”and“transportationout”intheincomestatement.transportationout
listundertheitem“sellingExpenses”Acompany’sshort-termliquidityreferstoitsabilitytomeetshort-termobligations.Itcanbemeasuredintermsoffollowingratios:currentratioandquickratio.LessonFour—ExercisefWhatisthe“short-termliquidity”?Andhowtomeasureit?LessonFour—Exercise(g)g.Identifythefollowingassellingoradministrativeexpenseitems.1)Salessalariesexpense2)Officesalariesexpense3)Depreciationfordeliveryequipment4)Depreciationforofficeequipment5)Advertisingexpense6)Utilitiesexpense7)Suppliesexpense8)Transportationout9)RentexpenseLessonFour—Exerciseg.SellingE
温馨提示
- 1. 本站所有资源如无特殊说明,都需要本地电脑安装OFFICE2007和PDF阅读器。图纸软件为CAD,CAXA,PROE,UG,SolidWorks等.压缩文件请下载最新的WinRAR软件解压。
- 2. 本站的文档不包含任何第三方提供的附件图纸等,如果需要附件,请联系上传者。文件的所有权益归上传用户所有。
- 3. 本站RAR压缩包中若带图纸,网页内容里面会有图纸预览,若没有图纸预览就没有图纸。
- 4. 未经权益所有人同意不得将文件中的内容挪作商业或盈利用途。
- 5. 人人文库网仅提供信息存储空间,仅对用户上传内容的表现方式做保护处理,对用户上传分享的文档内容本身不做任何修改或编辑,并不能对任何下载内容负责。
- 6. 下载文件中如有侵权或不适当内容,请与我们联系,我们立即纠正。
- 7. 本站不保证下载资源的准确性、安全性和完整性, 同时也不承担用户因使用这些下载资源对自己和他人造成任何形式的伤害或损失。
最新文档
- 丙型肝炎抗体检测试剂盒项目计划书
- 仓库管理员竞聘稿
- 劳动合同协议书模板一
- 2024年多协议通信适配器项目建议书
- 抗蛇毒血清项目可行性报告
- 组织工程项目可行性分析报告
- 山东省郯城县2024届中考物理全真模拟试题含解析
- 2024年低压电工证考试题及解析
- 技术改造实施方案(2篇)
- 启动仪式方案流程(2篇)
- 2024年武汉城投集团公开招聘【151人】公开引进高层次人才和急需紧缺人才笔试参考题库(共500题)答案详解版
- 2024保密观考试题库及答案
- 23秋国家开放大学《小学语文教学研究》形考任务1-5参考答案
- 学校超市运营管理方案
- 农机具停放场、库、棚建设标准
- 【央企班组长培训自测题标准答案】
- 2021年万科集团企业内部控制分析报告
- 苏教版二年级下册数学教案设计时、分、秒教材分析
- 2021年部编人教版四年级语文下册期末全册分类复习全面
- 学院团委第一次团员代表大会委员选票模板-
- 轴向快速锁紧机构设计(20151027) [ppt 97—2003版].ppt
评论
0/150
提交评论