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The Income Statement and Statement of Cash Flows
The Income Statement and Statement of Cash Flows. Objectives of the Chapter. 1. Study the content of an income statement . 2. Study the reporting of comprehensive income. 3. Prepare a retained earnings statement.
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MEASUREMENT (CONTD)
MEASUREMENT (CONTD). COMMON CORE STANDARD. HW. CCSS.Math.Content.5.MD.A.1 Convert among different-sized standard measurement units within a given measurement system. Optional WS. Warm Up. Word Problem. Drew has 4 pieces of rope 1 meter long each. He cuts each rope into fifths.
Income Measurement and Accrual Accounting
Income Measurement and Accrual Accounting. Chapter 4. A step-back: Typical accounts. A = L + E. CURRENT: Cash Accounts receivable Accrued revenue Inventory Prepaid expenses LONG TERM: Fixed assets. CURRENT: Accounts payable Accrued expenses Deferred/ Unearned revenue
National-Income Accounting
National-Income Accounting. Chapter 5. Chapter Overview. Part 2: Measuring Macro Outcomes: 5. National-Income Accounting : 6. Unemployment 7. Inflation. Chapter Overview. 5. National-Income Accounting : 1. Measures of Output (Review of GDP, +…). 2. The Uses of Output
National Income Accounting
National Income Accounting. Presenter Md. Zahangir Alam Assistant Professor of Finance Dept. of Business Administration International Islamic University Chittagong. National Income Accounts.
National Income Accounting
National Income Accounting. Principles of Macroeconomics Professor Dalton ECON 201 Boise State University. National Income Accounting. National income accounting – a set of rules and definitions for measuring economic activity in the aggregate economy – that is, in the economy as a whole.
National Income Accounting
National Income Accounting. Introduction. We have entered the world of National Income, the most vital concept of Macroeconomics. The ultimate goal of all planning bodies , government budgeting , government policies and development studies is to increase National Income.
National Income Accounting
National Income Accounting. National Income and Product Accounts (NIPA) measure output and income in the U.S. Simon Kuznets led team that established and estimated national income accounts. Developed in 1930s at NBER and U.S. Department of Commerce
National Income Accounting
National Income Accounting. National Income Estimation. Economic performance Economic analysis Forecasting Indicator of Nation’s Economy As a means of indicating changes in a country’s standard of living To indicate changes in economic growth of a country
National Income Accounting
Chapter 5. National Income Accounting. Measures of Output:. Help us understand how the economy works or how well (or poorly) it is performing. Provide a useful perspective on the way the economy works. Gross Domestic Product (GDP).
NATIONAL INCOME ACCOUNTING
NATIONAL INCOME ACCOUNTING. INCOME AND EXPENDITURE. What is Income?. 1. Income is the earnings of individuals. NATIONAL INCOME ACCOUNTING. 2. The income of a corporation is called revenue. 3. One way that government derives income is through taxing individual and firms.