Цій статті більше 3-х років. Українське законодавство складне і мінливе, тож на даний момент редакція не гарантує її 100% актуальність. У разі сумнівів скористайтесь пошуком, щоб читати свіжіші статті і консультації, або зверніться за допомогою до нашого ШІ-консультанта.
1. TASK: Insert the appropriate word in the text below:
equity - unlike - gross profit - accounting
sales - subtracting - subdivided - net income
over - expenses - generating
The income statement, also called the profit and loss statement, is a report that shows the income, ____, and resulting profits or losses of a company during a specific time period. The income statement is the first financial statement typically prepared during the ____ cycle because the net income or loss must be calculated and carried over to the statement of owner's ____ before other financial statements can be prepared.
The income statement calculates the _____ of a company by ____ total expenses from total income. This calculation shows investors and creditors the overall profitability of the company as well as how efficiently the company is at ____ profits from total revenues.
The income and expense accounts can also be ____ to calculate gross profit and the income or loss from operations. These two calculations are best shown on a multi-step income statement. Gross profit is calculated by subtracting cost of goods sold from net ____. Operating income is calculated by subtracting operating expenses from the _____.
____ the balance sheet, the income statement calculates net income or loss ____ a range of time. For example annual statements use revenues and expenses over a 12-month period, while quarterly statements focus on revenues and expenses incurred during a 3-month period.
2. CHECK YOUR SPEAKING
|
accounting |
[əʹkaʋntıŋ] |
учет |
|
equity |
[ʹekwıtı] |
капитал компании |
|
expenses |
[ıkʹspensiz] |
расходы |
|
generating |
[ʹdʒenəreıtıŋ] |
создавать |
|
gross profit |
[grəʋs] [ʹprɒfıt] |
валовая прибыль |
|
net income |
[net] [ʹıŋkʌm] |
чистая прибыль |
|
over |
[ʹəʋvə] |
в течение |
|
sales |
[seılz] |
продажи |
|
subdivided |
[͵sʌbdıʹvaıdid] |
разделенный |
|
subtracting |
[səb'træktiŋ] |
вычитать |
|
unlike |
[͵ʌnʹlaık] |
в отличие |
3. SEE CORRECT ANSWER
The income statement, also called the profit and loss statement, is a report that shows the income, expenses, and resulting profits or losses of a company during a specific time period. The income statement is the first financial statement typically prepared during the accounting cycle because the net income or loss must be calculated and carried over to the statement of owner's equity before other financial statements can be prepared.
The income statement calculates the net income of a company by subtracting total expenses from total income. This calculation shows investors and creditors the overall profitability of the company as well as how efficiently the company is at generating profits from total revenues.
The income and expense accounts can also be subdivided to calculate gross profit and the income or loss from operations. These two calculations are best shown on a multi-step income statement. Gross profit is calculated by subtracting cost of goods sold from net sales. Operating income is calculated by subtracting operating expenses from the gross profit.
Unlike the balance sheet, the income statement calculates net income or loss over a range of time. For example annual statements use revenues and expenses over a 12-month period, while quarterly statements focus on revenues and expenses incurred during a 3-month period.
Цей та багато інших цікавих матеріалів Ви знайдете в
підручнику “Practical Financial English”
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