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Steven Popovic
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A describe the components of the income statement and alternative presentation formats of that statement;
Describe the components of the income statement and alternative formats of that statements.
13
cards
B describe general principles of revenue recognition and accrual accounting, specific revenue recognition applications (including accounting for long-term contracts, installment sales, barter transactions, gross and net reporting of revenue), and implications of revenue recognition principles for fi
Describe general principles of revenue recognition and accrual accounting, specific revenue recognition application (including accounting for long-term contracts, installment sales, barter transactions, gross and net reporting of revenue), and implications of revenue recognition principles for financial analysis
20
cards
D describe general principles of expense recognition, specific expense recognition applications, and implications of expense recognition choices for financial analysis;
Describe general principles of expense recognition, specific expense recognition applications, and implications of expense recognition choices for financial nalysis
8
cards
E describe the financial reporting treatment and analysis of non-recurring items (including discontinued operations, extraordinary items, unusual or infrequent items) and changes in accounting standards;
Describe the financial reporting treatment and analysis of non-recurring items (including discontinued operations, extraordinary items, unusual or infrequent items) and changes in accounting standards.
9
cards
F distinguish between the operating and non-operating components of the income statement;
Distinguish between the operating and non-operating components of the income statement
3
cards
G,H describe how earnings per share is calculated and calculate and interpret a company’s earnings per share (both basic and diluted earnings per share) for both simple and complex capital structures; distinguish between dilutive and antidilutive securities, and describe the implications of each for
Describe how earnings per share is calculated and calculate and interpret a company's earnings per share (both basic and diluted earnings per share) for both simple and complex capital structures.
Distinguish between dilutive and antidilutive securities, and describe the implications of each for the EPS calc
23
cards
I convert income statements to common-size income statements;
Convert income statements to common-size income statements.
5
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K,L describe, calculate, and interpret comprehensive income; describe other comprehensive income, and identify major types of items included in it.
Describe, calculate, and interpret comprehensive income.
8
cards
J evaluate a company’s financial performance using common-size income statements and financial ratios based on the income statement;
Evaluate a companys financial performance using common-size income statements and financial ratios based on the income statement
4
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c calculate revenue given information that might influence the choice of revenue recognition method;
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l1 25 understanding income statements
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