- NY Credits : 7.0
- TX Credits : 7.0
Checkpoint Learning
Course Detail
This course presents the format and the major components of an income statement including comprehensive income, reporting considerations, interim financial reporting, and required disclosures for an entity's operating segments. Revenue recognition is discussed. The course also includes a comprehensive discussion of accounting for income taxes including sample problems that show the step-by-step calculation of deferred tax liabilities and deferred tax assets. The course closes with a discussion of tools useful in analyzing income statements including financial ratios that analyze an entity's solvency, operating efficiency, and profitability are listed and explained. A separate section of the last chapter is devoted to the important financial ratios of basic and diluted earnings per share. The text provides both a narrative discussion and sample problems to assist in understanding earnings per share.
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