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Topic 3 - Financial Reporting & Analysis
Module 3 - Understanding Income Statements
0:00 Introduction and Learning Outcome Statements
1:27 LOS : Describe the components of the income statement and alternative presentation formats of that statement.
9:14 LOS : Describe general principles of revenue recognition and accounting standards for revenue recognition.
14:05 LOS : Calculate revenue given information that might influence the choice of revenue recognition method.
18:06 LOS : Describe general principles of expense recognition, specific expense recognition applications, and implications of expense recognition choices for financial analysis.
24:32 LOS : Describe the financial reporting treatment and analysis of non-recurring items (including discontinued operations, unusual or infrequent items) and changes in accounting policies.
28:32 LOS : Contrast operating and non-operating components of the income statement.
33:39 LOS : Describe how earnings per share is calculated and calculate and interpret a company’s earnings per share (both basic and diluted earnings per share) for both simple and complex capital structures.
40:53 LOS : Contrast dilutive and antidilutive securities and describe the implications of each for the earnings per share calculation.
42:09 LOS : Formulate income statements into common-size income statements.
43:40 LOS : Evaluate a company’s financial performance using common-size income statements and financial ratios based on the income statement.
45:48 LOS : Describe, calculate, and interpret comprehensive income.
48:13 LOS : Describe other comprehensive income and identify major types of items included in it.