损益表说明--Income_Statement
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I…se…e..
The net profit is transferred to the balance sheet of
the business as part of the
proprietor’s capital.
•Accounting English
Income Statement
Profit and loss account for the year ended…
•Accounting English
Exercise
b. What are the major categories of the income statement for a merchandising company?
They are revenue, cost of goods sold and operating expenses.
Income Statement
Net Sales
Less: cost of goods sold
Gross Profit on Sales
Less: Operating expenses
Net Income for the period
•Accounting English
Income Statement
• No. These withdrawals do not appear as expenses in the income statement because they are made for the owners’ personal use or to engage in other business activities． Such withdrawals will reduce both the assets and the owners’ equity Of the business at the same time．
Income Statement
An income statement is a summary of the revenue and the expenses for a specific
period of time, usually a month or a year.
Reports ： change in financial condition
transportation in
list under the item “cost of goods sold”
transportation out
list under the item “selling Expenses”
销售费用
•Accounting English
Exercise
f. When the owners of a business withdraw cash, do the withdrawals appear as expenses on the income statement? Explain.
Income Statement
Net Sales
Gross Sales
—
Sales Returns and Allowances
—
Sales Discount
Gross Profit
Net Sales
—
Cost of Goods Sold
•Accounting English
Net Profit
•Accounting English
Income Statement
Income statement
is designed to portray the operating results for a period of time.
You use income statement to track revenues and expenses so that you can determine the operating performance of your business over a period of time.
•Accounting English
INCOME STATEMENT
A IR & S E A T R A V E L , IN C . In co m e S tatem en t
M o n th E n d ed A p ril 30, 2001
Revenue: S ervice reven u e
• single-step form, multiple-step form • single-step form
– revenues,expenses, income
• multiple-step form
– net sales – cost of goods sold – general operating expenses – other income – extraordinary income 营业外收入；非常收入 – earnings before interest and tax – interest expense – taxes – net profit after taxes – retained earnings •Accounting English
Expenses
Operating Expenses
Other Expenses
Extraordinary Item
Selling Expenses
Administration Expenses
Interest Expenses
•Accounting English
Income Statement
= beginning inventory +net purchases &#ods available for sale
– ending inventory
•Accounting English
Exercise
e.
Explain the appropriate treatment of the items “transportation in” and “transportation out” in the income statement.
• Multiple-step form（多步式利润表）---It
presents gross profits, operating income,
operating income before taxes, and net
income.
•Accounting English
Components of Income Statement
+
Net Purchases
+
Transportation In 运入运费
-
Ending inventory
Purchases 购货
- (Purchases Returns & Allowance)
-
(Purchases Discounts)
Cost of goods sold
•Accounting English
•Accounting English
Exercise
c. Differentiate the gross sales and net sales.
Gross sales =quantities ×
selling price per unit
Net sales
=gross sales －sales returns and allowances －sales discounts
£m Turnover X 营业额 Cost of sales (X) Gross profit X Distribution costs (X) Administrative expenses (X) Operating profit X Interest payable (X) Investment income X Profit on ordinary activities before taxation X Taxation (X) Profit on ordinary activities after taxation X Extraordinary items (X) Profit for the financial year X Dividends paid and proposed (X) Retained profit for the finan•cAicacol uynetiangrEXnglish
Expenses: S alary exp en se Rent expense U tilities Total expenses
N et In co m e
$ 1 ,2 0 0 1 ,1 0 0 400
•Accounting English
$ 8 ,5 0 0
2 ,7 0 0 $ 5 ,8 0 0
Exercise
a.
What are the purpose of an income statement?
Income statement is prepared to present the operating results of an organization for a particular period.
•Accounting English
Exercise
d.
Differentiate the cost of goods available for sales and cost of goods sold.
Cost of goods available for sale
Cost of goods sold
Gross Profit
—
Operating Expenses
Income Statement
销货总额 Sales
Sales Returns &
Allowances Discount
-
=
销货净额 Net Sales
•Accounting English
Income Statement
Beginning inventory
from an entity’s operation over a period of time.
• Net Income - the excess of revenue over
expenses. • Net Loss - the excess of expenses over revenue.
• Dividends- distributions to stockholders (usually cash) generated by net income
Income Statement
Income statement for the year ended...
$m
Revenue X Cost of sales (X) Gross profit X Distribution costs (X) Administrative expenses (X) Profit from operations X Finance cost (X) Investment income X Profit before tax X Income tax expense (X) Net profit from ordinary activities X Extraordinary items (X) Net profit for the year X
•Accounting English
Income Statement
•Accounting English
Components of Income Statement • Revenue – increases in net assets resulting from
an entity’s operation over a period of time. • Expenses - decreases in net assets resulting
•Accounting English
The Forms of Income Statement
• Single-step form（单步式利润表）---It gathers all the revenue together , then deducts all the expenses from the revenue to get net income.
The net profit is transferred to the balance sheet of
the business as part of the
proprietor’s capital.
•Accounting English
Income Statement
Profit and loss account for the year ended…
•Accounting English
Exercise
b. What are the major categories of the income statement for a merchandising company?
They are revenue, cost of goods sold and operating expenses.
Income Statement
Net Sales
Less: cost of goods sold
Gross Profit on Sales
Less: Operating expenses
Net Income for the period
•Accounting English
Income Statement
• No. These withdrawals do not appear as expenses in the income statement because they are made for the owners’ personal use or to engage in other business activities． Such withdrawals will reduce both the assets and the owners’ equity Of the business at the same time．
Income Statement
An income statement is a summary of the revenue and the expenses for a specific
period of time, usually a month or a year.
Reports ： change in financial condition
transportation in
list under the item “cost of goods sold”
transportation out
list under the item “selling Expenses”
销售费用
•Accounting English
Exercise
f. When the owners of a business withdraw cash, do the withdrawals appear as expenses on the income statement? Explain.
Income Statement
Net Sales
Gross Sales
—
Sales Returns and Allowances
—
Sales Discount
Gross Profit
Net Sales
—
Cost of Goods Sold
•Accounting English
Net Profit
•Accounting English
Income Statement
Income statement
is designed to portray the operating results for a period of time.
You use income statement to track revenues and expenses so that you can determine the operating performance of your business over a period of time.
•Accounting English
INCOME STATEMENT
A IR & S E A T R A V E L , IN C . In co m e S tatem en t
M o n th E n d ed A p ril 30, 2001
Revenue: S ervice reven u e
• single-step form, multiple-step form • single-step form
– revenues,expenses, income
• multiple-step form
– net sales – cost of goods sold – general operating expenses – other income – extraordinary income 营业外收入；非常收入 – earnings before interest and tax – interest expense – taxes – net profit after taxes – retained earnings •Accounting English
Expenses
Operating Expenses
Other Expenses
Extraordinary Item
Selling Expenses
Administration Expenses
Interest Expenses
•Accounting English
Income Statement
= beginning inventory +net purchases &#ods available for sale
– ending inventory
•Accounting English
Exercise
e.
Explain the appropriate treatment of the items “transportation in” and “transportation out” in the income statement.
• Multiple-step form（多步式利润表）---It
presents gross profits, operating income,
operating income before taxes, and net
income.
•Accounting English
Components of Income Statement
+
Net Purchases
+
Transportation In 运入运费
-
Ending inventory
Purchases 购货
- (Purchases Returns & Allowance)
-
(Purchases Discounts)
Cost of goods sold
•Accounting English
•Accounting English
Exercise
c. Differentiate the gross sales and net sales.
Gross sales =quantities ×
selling price per unit
Net sales
=gross sales －sales returns and allowances －sales discounts
£m Turnover X 营业额 Cost of sales (X) Gross profit X Distribution costs (X) Administrative expenses (X) Operating profit X Interest payable (X) Investment income X Profit on ordinary activities before taxation X Taxation (X) Profit on ordinary activities after taxation X Extraordinary items (X) Profit for the financial year X Dividends paid and proposed (X) Retained profit for the finan•cAicacol uynetiangrEXnglish
Expenses: S alary exp en se Rent expense U tilities Total expenses
N et In co m e
$ 1 ,2 0 0 1 ,1 0 0 400
•Accounting English
$ 8 ,5 0 0
2 ,7 0 0 $ 5 ,8 0 0
Exercise
a.
What are the purpose of an income statement?
Income statement is prepared to present the operating results of an organization for a particular period.
•Accounting English
Exercise
d.
Differentiate the cost of goods available for sales and cost of goods sold.
Cost of goods available for sale
Cost of goods sold
Gross Profit
—
Operating Expenses
Income Statement
销货总额 Sales
Sales Returns &
Allowances Discount
-
=
销货净额 Net Sales
•Accounting English
Income Statement
Beginning inventory
from an entity’s operation over a period of time.
• Net Income - the excess of revenue over
expenses. • Net Loss - the excess of expenses over revenue.
• Dividends- distributions to stockholders (usually cash) generated by net income
Income Statement
Income statement for the year ended...
$m
Revenue X Cost of sales (X) Gross profit X Distribution costs (X) Administrative expenses (X) Profit from operations X Finance cost (X) Investment income X Profit before tax X Income tax expense (X) Net profit from ordinary activities X Extraordinary items (X) Net profit for the year X
•Accounting English
Income Statement
•Accounting English
Components of Income Statement • Revenue – increases in net assets resulting from
an entity’s operation over a period of time. • Expenses - decreases in net assets resulting
•Accounting English
The Forms of Income Statement
• Single-step form（单步式利润表）---It gathers all the revenue together , then deducts all the expenses from the revenue to get net income.