Income Statement UTEP Business损益表 UTEP业务.pptVIP

The Income Statement and Statement of Cash Flows Sid Glandon, DBA, CPA Associate Professor of Accounting Comprehensive Income Total change in equity EXCLUDING transactions with owners Other Comprehensive Income Comprehensive Income Change in equity as a result of non-owner transactions Net income, plus (minus) Other Comprehensive Income Unrealized gains/losses Foreign currency translations Presentation Extension of income statement Statement of comprehensive income Statement of shareholders’ equity Elements of the Income Statement Operating income Revenues Expenses Other income (expense) Gain