The document provides an overview of income statements and the key components included in them. It discusses the multiple-step and single-step formats for income statements and what each shows. It also covers revenues, expenses, operating income, net income, comprehensive income, and retained earnings. Key items discussed include gross profit, operating expenses, other income/expenses, and how comprehensive income can be reported separately or combined with the income statement.
Jimmy Gentry presents "Unlocking Financial Statements," a business journalism Webinar hosted by the Donald W. Reynolds National Center for Business Journalism at Arizona State University's Cronkite School of Journalism.
Jimmy Gentry presents "Unlocking Financial Statements," a business journalism Webinar hosted by the Donald W. Reynolds National Center for Business Journalism at Arizona State University's Cronkite School of Journalism.
An Income Statement of a company is a financial statement that shows the company’s revenues and expenses during a specific accounting period. This statement reports the financial performance of the company. Copy the link given below and paste it in new browser window to get more information on Income Statement:- www.transtutors.com/homework-help/finance/income-statement.aspx
Financial statements are used by managers, shareholders, investors, lenders, and the government for different reasons and purposes. Essentially, financial statements show the financial status of an entity and are comprised of income statement, balance sheet, and cash flow statement.
SGS 2021 Full Year Results Alternative Performance MeasuresSGS
We've delivered a strong financial performance in 2021, making significant progress on our new strategic plan.
#SGS #SGSGroup #WeAreSGS #FinancialResults
This will be useful if you are in the field of accounting. This topic will be presenting financial statements. It will be beneficial to students who are inclined into, business and accounting
Essential Finance & Accounting for Management Consultants and Business AnalystsAsen Gyczew
During many consulting projects you will have to analyze financial statements (balance sheet, income statement, cash flows) and draw conclusion about specific company. This is especially true during due diligence, strategic projects and turn-arounds. Financial analyses require relatively good understanding of finance and accounting. Business Analysts and Management Consultants that did not study Finance or Business tend to have some problems with navigating this area. This course will help you overcome this problem. Those of you who have finished Business School or Economics will find here a great refresher with a lot of practical tips how to do certain analysis during a consulting project.
This course will help you drastically improve your knowledge and skills in finance and accounting. It is designed for people who are or want to become management consultants, business. In the course you will learn 5 main things:
1. How to read financial statements such as a balance sheet, an income (profit & loss) statement, cash flows
2. How to draw conclusions from financial statements
3. Main principles of accounting
4. How to analyze financial indicators
5. How to estimate the value of the firm / do valuation
I will NOT teach you everything about finance & accounting because it is simply not efficient (and frankly you don’t need it). This course is organized around 80/20 rule and I want to teach you the most useful (from business analyst / consultant perspective) things that will enable you to understand the financial data and analyze them.
Module 5.2 - Financial sustainability
The SENSES project co-funded by the European Union funds (ERDF and IPA)
For more information check the official website: http://www.interreg-danube.eu/senses
An Income Statement of a company is a financial statement that shows the company’s revenues and expenses during a specific accounting period. This statement reports the financial performance of the company. Copy the link given below and paste it in new browser window to get more information on Income Statement:- www.transtutors.com/homework-help/finance/income-statement.aspx
Financial statements are used by managers, shareholders, investors, lenders, and the government for different reasons and purposes. Essentially, financial statements show the financial status of an entity and are comprised of income statement, balance sheet, and cash flow statement.
SGS 2021 Full Year Results Alternative Performance MeasuresSGS
We've delivered a strong financial performance in 2021, making significant progress on our new strategic plan.
#SGS #SGSGroup #WeAreSGS #FinancialResults
This will be useful if you are in the field of accounting. This topic will be presenting financial statements. It will be beneficial to students who are inclined into, business and accounting
Essential Finance & Accounting for Management Consultants and Business AnalystsAsen Gyczew
During many consulting projects you will have to analyze financial statements (balance sheet, income statement, cash flows) and draw conclusion about specific company. This is especially true during due diligence, strategic projects and turn-arounds. Financial analyses require relatively good understanding of finance and accounting. Business Analysts and Management Consultants that did not study Finance or Business tend to have some problems with navigating this area. This course will help you overcome this problem. Those of you who have finished Business School or Economics will find here a great refresher with a lot of practical tips how to do certain analysis during a consulting project.
This course will help you drastically improve your knowledge and skills in finance and accounting. It is designed for people who are or want to become management consultants, business. In the course you will learn 5 main things:
1. How to read financial statements such as a balance sheet, an income (profit & loss) statement, cash flows
2. How to draw conclusions from financial statements
3. Main principles of accounting
4. How to analyze financial indicators
5. How to estimate the value of the firm / do valuation
I will NOT teach you everything about finance & accounting because it is simply not efficient (and frankly you don’t need it). This course is organized around 80/20 rule and I want to teach you the most useful (from business analyst / consultant perspective) things that will enable you to understand the financial data and analyze them.
Module 5.2 - Financial sustainability
The SENSES project co-funded by the European Union funds (ERDF and IPA)
For more information check the official website: http://www.interreg-danube.eu/senses
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
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Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
2. 2
The Income Statement
(Profit & Loss)
• It shows/report a company's financial performance (Profit/Loss)
over a specific accounting period.
• Covers a period of time
– For the Year/Quarter/Month Ended...
• Multiple-step format
– Gross profit (sales – cost of goods sold)
– Operating income (income before taxes, interest, and other
revenues and expenses)
– Income before taxes
– Net income
• Single-step format
– Total of all revenues and gains
– Less the total of all expenses and losses
– No operating Income in this analysis
3. 3
Multiple-Step Single Step
Sales 496,120
$
Cost of Goods Sold 234,972
Gross Profit 261,148
Operating Expenses:
General & Administrative 131,409
$
Advertising 128,325
Uncollectible Accounts 22,664 282,398
Operating Income (21,250)
Interest Income 122,757
Other Revenue 44,715 167,472
Income Before Taxes 146,222
Income Taxes 8,498
Net Income 137,724
$
Multiple-Step Company
Income Statement
For the Year Ended December 31, 20XX
Sales 496,120
$
Interest Income 122,757
Other Income 44,715
663,592
Costs and Expenses:
Cost of Goods Sold 234,972
$
General & Administrative 131,409
Advertising 128,325
Uncollectible Accounts 22,664 517,370
Income Before Taxes 146,222
Income Taxes 8,498
Net Income 137,724
$
Single-Step Company
Income Statement
For the Year Ended December 31, 20XX
4. 4
Net Sales
• Revenue from the sale of principal goods or
services sold to customers
• Shown net of
– Discounts
– Returns
– Allowances
5. 5
Cost of Goods Sold
• The cost of goods that were sold to produce
revenue
Retailer
Beginning Inventory
+ Purchases
– Ending Inventory
= Cost of Goods Sold
Manufacturer
Beginning Inventory
+ Cost of Goods Manufactured
– Ending Inventory
= Cost of Goods Sold
6. 6
Other Operating Revenue
• Reflects/depends on the nature of the business
• Examples
– Lease/ rent revenue
– Royalty revenue
A payment made to an individual or company for the ongoing
use of their assets, including copyrighted works, franchises etc.
– Finance charges (interest)
– Commission revenue
7. 7
Operating Expenses
• Selling expenses
– Result from the company’s effort to create sales
– Examples
• Advertising
• Sales commissions
• Sales supplies used
• Administrative expenses
– Relate to the general administration of the
company’s operation
– Examples
• Salaries
• Insurance
• Bad debt expense
8. 8
Other Income or Expense
• Secondary activities not directly related to
operations
– Dividend income
– Interest income
– Gains (losses) from sale of assets
– Interest expense
9. 9
Reconciliation of Retained Earnings
Beginning of year balance of retained earnings
+ Prior period adjustments
± Cumulative effect of a change in accounting principle
= Beginning balance as adjusted
+ Net income
– Dividends
= End-of-year balance of retained earnings
Reported as part of the Statement of Owners' Equity or
combined with the Income Statement
10. 10
Retained Earnings
• The accumulated undistributed earnings of the
corporation reported on the balance sheet
• Appropriated (specified by the board of directors for a
particular use.)
– Restricted by law, contract, or management decision
– Not available for dividends
• Unappropriated (the portion of retained earnings not assigned
to a specific business purpose.)
– Available for dividends
– Does not represent cash or any other asset
11. 11
Dividends
• Cash dividends
– Date of declaration: create liability and reduce
retained earnings
– Date of payment: reduce liability and cash
12. 12
Comprehensive Income
• It is the variation in the value of a company's net assets
from non-owner sources during a specific period.
• provides a complete view of a company's income, some of
which may not be fully captured on the income statement.
Net income
+ Changes in other income
= Comprehensive income
• Unrealized holding gains and losses on available-for-sale
marketable securities
• Changes to owners' equity resulting from additional
minimum pension liability adjustments
13. 13
Comprehensive Income –
Separate Statement
Net income 34,000
$
Other comprehensive income
Available-for-sale security adjustment, net of tax 5,500
Minimum pension liability adjustment, net of tax 3,500
Foreign currency transaction adjustment, net of tax (5,000)
Total other comprehensive income 4,000
Comprehensive income 38,000
$
XYZ Corporation
Statement of Comprehensive Income
For the Year Ended December 31, 20XX
14. 14
Comprehensive Income –
Combined with Income Statement
Sales 230,000
$
Cost of goods sold 140,000
Gross profit 370,000
Operating expenses 40,000
Operating income 330,000
Other income 4,000
Income before income taxes 326,000
Income taxes 20,000
Net income 306,000
Other comprehensive income
Available-for-sale security adjustment, net of tax 5,500
Minimum pension liability adjustment, net of tax 3,500
Foreign currency transaction adjustment, net of tax (5,000)
Other comprehensive income 4,000
Comprehensive income 310,000
$
Earnings per share (for net income only) 2.80
$
XYZ Corporation
Statement of Income and Comprehensive Income
For the Year Ended December 31, 20XX
15. 15
Comprehensive Income – As Part of the
Statement of Owners' Equity
Retained
Accumulated Other
Comprehensive
Total Earnings Income
Beginning Balance $180,000 $60,000 $10,000
Net Income 34,000 34,000
Available-for-sale security adjustment, net of tax 5,500 5,500
Minimum pension liability adjustment, net of tax 3,500 3,500
Foreign currency transaction adjustment, net of tax (5,000) (5,000)
Comprehensive income 38,000
Ending Balance $218,000 $94,000 $14,000
XYZ Corporation
Statement of Changes in Stockholders' Equity
For the Year Ended December 31, 20XX
16. 16
Comprehensive Income (cont’d)
• Analysis issues:
– Typically, it is more volatile (unpredictable, unstable)
than net income
– A better indication of long-run profitability
18. 18
Exercise
Business Name
Income statement
For the period ended on Dec 31, 2020
Service & Maintenance Revenue 51,420
Maintenance exp 2,400
Fuel exp 1,500
Utility exp 200
Wages Exp 4,700
Rent Exp 5,500
Ad Expense 1,250
Shop Supplies expense 1,200
Depreciation expense Aircraft 1,000
Depriciation expense Building 300
Depreciation expense Tools & Equipment 250 (18,300)
Net income for the period closing Dec 31, 2020 33,120