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1、 1.What Is an Income Statement? 2.What is Income Statement used for? 3.the components of income statement4.summary An income statement is a summary of the revenue and the expenses for a specific period of time, usually a month or a year. You use income statement to track revenues and expenses so tha
2、t you can determine the operating performance of your business over a period of time.Incomestatement is designed to portray the operating results for a period of time. Back 1.Reveal a companys profitability, determine the operating performance of your business over a period of time. 2.Find out what
3、areas of their business are over budget or under budget. 3.Unexpected expenditures can be made clear. 4.Track dramatic increases in product returns or cost of goods sold as a percentage of sales. 5.Determine income tax liability. What is Income Statement used for? Back the components of income state
4、ment Single-step FormMultiple-step Form 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. Single-step Form XYZ COMPANY Income Statement For The Year Ended December 31, 2008RevenueNet sales $50,000Interest income 3,000Inv
5、estment revenue 15,000Total Revenues $68,000ExpensesCost of goods sold $30,000Selling expenses 5,000General and administrative expenses 3,200 Interest expense 200Income taxes 3,000Total expenses $41,400Net Income $26,600 Back total revenues total expenses = net income Multiple-step form（多步式利润表）-It p
6、resents gross profits, operating income（营业收入）, operating income before taxes（税前收益）, and net income（净收入）. In the Multiple-step Form, the content of Income Statement is divided into some items, which generating some interim（中间的） information and the net incomes can be computed through several steps. Co
7、st of Goods Sold Gross Profit=- Income from operations= Net SalesGeneral Operating Expenses Extraordinary Income Earnings Before Interest and Tax (EBIT) （息税前利润)= Income from operations + Other Income + - Net Profit After Taxes (NPAT)(税后净利润) = Earnings Before Interest and Tax (EBIT) - Dividends(股利) R
8、etained Earnings （留存收益）=- TaxesInterest Expense Net Sales (净销售额) $50,000 Cost of Goods Sold (销售货物的成本) 30,000 Gross profit (毛利润) $20,000 Operating ExpensesSelling expenses:(销售费用) Wages and salaries (工资、薪金) $2,200 Materials and supplies (材料和供给) 500 Depreciation expenses (折旧费) 1,000 Total selling expen
9、ses $3,700XYZ COMPANYIncome Statement For The Year Ended December 31, 2008multiple-step (continued) Administrative expenses:(行政费用) Wages and salaries $2,800 Depreciation expenses 600 Other administration expenses 500 Total other administration expenses $3,900 Total operating expenses $7,600 Income f
10、rom operations $12,400Other Revenues and Gains:(其他收入和收益) Rental revenue(租金收入) $200Other Expenses and Losses:(其他费用和损失) Interest expense 300 Income before income tax(税前收益) $12,300 Income tax (所得税) 4,920 Net income() $7,380 Brief Summary1.Income Statement is a summary of a company s profit or loss during any one given period of time .2. The income statement traditionally has been prepared in either single-step form or multiple-step form. 3. Income statement is prepared according to the amounts occurred on revenues and expenses ledger (accumulated amounts are included).
Income Statement损益表课件.ppt
