Scribd Logo
Upload

Welcome to Scribd!

  • 44 views

    Income Statement: Presentation and Layouts

    Uploaded by

    Cosmina Andreea Manea
    The document outlines topics related to income statement presentation including accounting income, revenues, expenses, revenue recognition, income calculation, income statement layouts, cost of goods sold, gross margin, and extraordinary items. It provides examples and asks students to prepare income statements with expenses classified by nature and function based on given financial information. Specifically, it asks students to draw up income statements showing revenues, expenses for raw materials, wages, depreciation, and other items classified in total and by production, administration, distribution, and research and development activities.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    Income Statement: Presentation and Layouts

    Uploaded by

    Cosmina Andreea Manea
    44 views4 pages
    The document outlines topics related to income statement presentation including accounting income, revenues, expenses, revenue recognition, income calculation, income statement layouts, cost of goods sold, gross margin, and extraordinary items. It provides examples and asks students to prepare income statements with expenses classified by nature and function based on given financial information. Specifically, it asks students to draw up income statements showing revenues, expenses for raw materials, wages, depreciation, and other items classified in total and by production, administration, distribution, and research and development activities.

    Original Title

    tutorial_6.doc

    Copyright

    © © All Rights Reserved

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document outlines topics related to income statement presentation including accounting income, revenues, expenses, revenue recognition, income calculation, income statement layouts, cost of goods sold, gross margin, and extraordinary items. It provides examples and asks students to prepare income statements with expenses classified by nature and function based on given financial information. Specifically, it asks students to draw up income statements showing revenues, expenses for raw materials, wages, depreciation, and other items classified in total and by production, administration, distribution, and research and development activities.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    44 views4 pages

    Income Statement: Presentation and Layouts

    Uploaded by

    Cosmina Andreea Manea
    The document outlines topics related to income statement presentation including accounting income, revenues, expenses, revenue recognition, income calculation, income statement layouts, cost of goods sold, gross margin, and extraordinary items. It provides examples and asks students to prepare income statements with expenses classified by nature and function based on given financial information. Specifically, it asks students to draw up income statements showing revenues, expenses for raw materials, wages, depreciation, and other items classified in total and by production, administration, distribution, and research and development activities.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    You are on page 1of 4

    BUCHAREST UNIVERSITY OF ECONOMIC STUDIES

    ACCOUNTING, FIBE FACULTY, FIRST YEAR, 2015-2016

    INCOME STATEMENT: PRESENTATION AND LAYOUTS

    1. What represents the accounting income?


    2. What are revenues?

    3. What are expenses?

    4. How is calculated the income?

    5. When occurs the revenue recognition?

    6. Which are the basic conditions of revenue recognition?

    7. Which are the income statement layouts?

    8. What is turn over?

    9. How is calculated the cost of good sales?

    Page1 of 4

    Tutorial 6

    BUCHAREST UNIVERSITY OF ECONOMIC STUDIES


    ACCOUNTING, FIBE FACULTY, FIRST YEAR, 2015-2016
    10. What is gross margin?

    11. What are extraordinary items?

    12. Ex. 12/ Page 69 Which of the following items may be discolsed within an income
    statement with expenses classified by function:
    Staff cost
    Finance cost
    Gross margin
    Sales
    Depreciation and amortization expense
    Variation in inventories
    VAT payable
    Income tax expense
    Administrative cost
    Expenses related to raw materials used

    13. Starting from the information below, draw up the income statement with expenses
    classified by nature and the income statement with expenses classified by function:

    raw materials used 1.000 RON


    merchandise used 5.000 RON
    energy and water expenses 500 RON
    related to production activities 400 RON
    in administrative buliding 100 RON
    wages expenses 15.000 RON, related to employees involved in:
    production activities 8.000 RON
    administrative activities 4.000 RON

    Page1 of 4

    Tutorial 6

    BUCHAREST UNIVERSITY OF ECONOMIC STUDIES


    ACCOUNTING, FIBE FACULTY, FIRST YEAR, 2015-2016

    distribution activities 3.000 RON


    amortization and depreciation expenses 1.000 RON, related to assets used in:
    production activities 800 RON
    administrative activities 200 RON
    interest expenses 500 RON
    Revenues from the sale of finished goods 23.000 RON
    Revenues from merchandise sold 10.000 RON

    14. Starting from the information below, draw up the income statement with expenses
    classified by nature and the income statement with expenses classified by function:
    ITEMS
    Merchandise
    expenses
    Wages expenses
    Amortization
    expenses
    Other expenses
    TOTAL

    COST OF
    GOODS SOLD

    ADMINISTRATION
    EXPENSES

    DISTRIBUTION
    EXPENSES

    TOTAL

    18

    20

    2
    28

    1
    5

    6
    10

    9
    43

    15. Starting from the information below, draw up the income statement with expenses
    classified by nature and the income statement with expenses classified by function:
    raw materials used 5.000 RON
    consumables used 5.000 RON, for:
    production activities 2.500 RON
    administrative activities 1.250 RON
    distribution activities 750 RON
    R&D activities 500 RON
    variation in inventories 3.000 RON
    energy and water expenses related to production activities 75 RON
    wages expenses 4.250 RON, related to employees involved in:
    production activities 1.500 RON
    administrative activities 750 RON
    distribution activities 1.250 RON
    R&D activities 750 RON
    amortization and depreciation expenses 2.750 RON, related to assets used in:
    production activities 1.000 RON
    administrative activities 500 RON
    distribution activities 325 RON
    R&D activities 925 RON
    interest expenses 500 RON

    Page1 of 4

    Tutorial 6

    BUCHAREST UNIVERSITY OF ECONOMIC STUDIES


    ACCOUNTING, FIBE FACULTY, FIRST YEAR, 2015-2016

    interest revenues 425 RON


    other financial revenues 400 RON
    other financial expenses 350 RON
    Revenues from the sale of finished goods 10.000 RON
    Revenues from merchandise sold 4.500 RON

    Page1 of 4

    Tutorial 6

    You might also like