Accounting Category: Income statement

Accounting Articles

July 31, 2012

Does operating income equal operating cash flows? Is it good when there are negative cash flows? Answers to these and other questions are in this accounting article.

July 10, 2012

How should you account for a revision in the useful life of fixed assets? What financial statement impact does such revision have? Find answers to these questions in this article.

June 11, 2012

Learn about discretionary costs, view examples of such costs, and understand instances where discretionary costs may be changed to manage earnings.

June 4, 2012

Learn about debt covenants and their classification (positive and negative, capital and performance). Understand actions when debt covenants are violated, including financial reporting implications. Review an example of debt covenants involving interest coverage ratio and fixed charge coverage ratio.

April 28, 2012

Learn about quality of earnings in accounting.

March 25, 2012

Learn about the total cost concept, one of the cost-plus pricing methods in managerial accounting.

March 18, 2012

Learn about accounting for short-term investments: trading securities and available-for-sale securities.

February 26, 2012

Learn about three methods to recognize expenses: association of cause and effect, systematic and rational allocation, and immediate recognition.

February 19, 2012

Learn about residual income and how to calculate it using income from operations, earnings before interest and taxes (EBIT), net operating profit after tax (NOPAT), or net income.

February 12, 2012

Learn about non-operating revenues and expenses.

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Accounting Categories
Accounting categories represent a collection of accounting guides and answers related to one accounting area.