Depreciation - is the rational and systematic process (合理的系统的分摊过程)of allocating the cost of a plant asset over its useful (service) life. By expensing an asset’s cost over its useful life results in a better match of the expense to the periods the asset is expected to generate ...
知识目标:Understand the definition of revenue and expense. 能力目标:Outline the main types of revenue. Describe what kinds of expenses may occur in a company. 素质目标:Understand the recognition criteria of revenue and expense. 教学重点 The recognition criteria of revenue and expense 教学难点 The ...
transfers between balance sheet accounts, betweenrevenue andcurrentexpenseaccounts, and between balance sheet accounts and profit and loss accounts. unesdoc.unesco.org unesdoc.unesco.org 总体上,手动调整涉及到大笔款项,产生了切实的财务影响,因为牵扯到多方面 的转账:资产负债账目之间,收入账目与日常费用账目之...
income statement，指的是把一个accounting period里的revenue 和expense进行计算，看一下是loss还是profit，所谓的EBIT，earning before income tax，然后算一下tax，如果在澳洲，一般是35%×（revenue-expense），法律好像改了 Balance sheet是看一下过了一个accounting period，这个firm的资产变化，一般格式...
Revenues and expenses are a normal part of a business, and every business needs them to operate effectively in the same way they need cash or equity to balance their books. Revenue and expense accounts are called ''temporary accounts'', while changing accounts like cash or accounts payable ...
FA2 Module4.Revenueandexpenserecognition 1.Revenuerecognition 2.Expenserecognition 3.Revenuerecognitionbycriticalevent 4.Revenuerecognitionbyeffortexpended 5.Thepercentage-of-completionmethod 6.Long-termcontractlosses 7.Theinstalmentmethod 1.Revenuerecognition IFRSdefinitionofrevenue Revenuearisesfrom(1)inflowsofcas...
prepaid expenseSummary GAAP provides guidance for the matching of revenue and expenses to the appropriate financial statement period. Although, on its face that may appear to relate to the income statement; the balance sheet—and net working capital—can be directly impacted by revenue and expense ...
Administrative expenses: This includes utilities, salary expenses, legal and financial, and office maintenance costs Other expenses:This includes unpredictable expenses like tax penalties and repair expenses Income tax expense:The amount of taxes owed during a specific period. ...
8.Below the line (item): An out-of-the-ordinaryrevenueor expense item or a nonrecurrent item requiring a separate entry in a Balance sheet. 线下(条目):一项需要在资产负债表中单独列出的非常规收入或支出帐目,或非经常性帐目。 9.A responsibility center is any point within an organization where ...
a net loss of $2.7 billion. This report highlights the importance of not judging a company's performance solely on its revenue. Some companies may report record levels of revenue though they have minimal or no net positive profit because of the cost structure and one-time expense implications....