CFA I级 财报分析笔记-4

Understanding Income Statement

Income Statement component and format

Net Revenue = Revenue - adjustments (e.g, cash discounts, volume discounts, or estimated returns)

By nature(Single Step) or By function(Multi Step)

1. By nature: depreciation expense are displayed in one account regardless of whether they come from manufacturing or administration.
2. By function: Cost of good sold is composed of all manufacturing costs, such as raw materials, depreciation, labor, etc
   Income statement format and components

Common - Size I/S 百分比法

使用百分比，是因为人对极大或极小数字不敏感。通过百分比发，可以看出哪些是重大科目，哪些科目发生了重大变化。在I/S中，一般使用revenue销售收入作为分母

几个同义概念

1. Sales, revenue, top line
2. net profit, net income, net earning, bottom line
3. operating profit, income, EBIT

Revenue recognition

1. 收入能够可靠计量
2. 收款确定
3. 货物交割、服务提供
4. 成本可以可靠计量/双方有协议