The Income Statement Line Item Most Likely Affected By An Ais

A company s net income for an accounting period is measured as follows.

The income statement line item most likely affected by an ais. Problem 10mcq from chapter 1. The key item listed on the income statement is the net income or loss. Selling general and administrative expenses. Accounting information systems 2nd edition edit edition.

Ias 21 15a if a gain or loss on a non monetary item is recognised in other comprehensive income for example a property revaluation under ias 16 any foreign exchange component of that gain or loss is also recognised in other comprehensive income. Cost of goods sold. Research and development expenses. Net income revenues expenses gains losses.

This analysis is used to understand the cost structure of a business and its ability to earn a profit a proper analysis of the income statement requires that the following activities be addressed. Net income net income net income is a key line item not only in the income statement but in all three core financial statements. The income statement account most likely affected by an ais investment in supply chain management software would be. The income statement line item most likely affected by an ais investment in supply chain that would interface with suppliers would be.

The income statement line item most likely affected by an ais investment in enterprise systems would be. Is calculated by deducting income taxes from pre tax income. The income statement account most likely affected by an ais. Selling general and administrative expenses.

Net income also called net earnings or profit or loss is reported at the bottom of the income statement and for this reason may also be referred to as the bottom line. Cost of goods sold. The income statement line item most likely affected by an ais investment in supply chain that would interface with suppliers would be. Ias 21 30 translation from the functional currency to the presentation currency.

The analysis of the income statement involves comparing the different line items within a statement as well as following trend lines of individual line items over multiple periods. While definition terminology can vary for instance some people refer to revenue while others others will call it sales or operating. Cost of goods sold unearned revenue selling general and administrative expenses revenues 2 a systems analyst analyzes a business problem that might be addressed by an information system and recommends software or systems to address that problem. Chapter 1 1 the income statement line item most likely affected by an ais investment in enterprise systems would be.