中级财会ch04.pptVIP

Objectives 1. Understand the concepts of income. 2. Explain the conceptual guidelines for reporting income. 3. Define the elements of an income statement. 4. Describe the major components of an income statement. 5. Compute income from continuing operations. Concepts of Income Conceptual Reporting Guidelines 1. Providing information about its operating performance separately from other aspects of performance. 2. Presenting the results of particularly significant activities or events that predict the amounts, timing, and uncertainty of its future income and cash flows. 3. Providing information u