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BUCHAREST UNIVERSITY OF ECONOMIC STUDIES

ACCOUNTING, FIBE FACULTY, FIRST YEAR, 2015-2016

INCOME STATEMENT: PRESENTATION AND LAYOUTS

1. What represents the accounting income?


2. What are revenues?

3. What are expenses?

4. How is calculated the income?

5. When occurs the revenue recognition?

6. Which are the basic conditions of revenue recognition?

7. Which are the income statement layouts?

8. What is turn over?

9. How is calculated the cost of good sales?

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Tutorial 6

BUCHAREST UNIVERSITY OF ECONOMIC STUDIES


ACCOUNTING, FIBE FACULTY, FIRST YEAR, 2015-2016
10. What is gross margin?

11. What are extraordinary items?

12. Ex. 12/ Page 69 Which of the following items may be discolsed within an income
statement with expenses classified by function:
Staff cost
Finance cost
Gross margin
Sales
Depreciation and amortization expense
Variation in inventories
VAT payable
Income tax expense
Administrative cost
Expenses related to raw materials used

13. Starting from the information below, draw up the income statement with expenses
classified by nature and the income statement with expenses classified by function:

raw materials used 1.000 RON


merchandise used 5.000 RON
energy and water expenses 500 RON
related to production activities 400 RON
in administrative buliding 100 RON
wages expenses 15.000 RON, related to employees involved in:
production activities 8.000 RON
administrative activities 4.000 RON

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Tutorial 6

BUCHAREST UNIVERSITY OF ECONOMIC STUDIES


ACCOUNTING, FIBE FACULTY, FIRST YEAR, 2015-2016

distribution activities 3.000 RON


amortization and depreciation expenses 1.000 RON, related to assets used in:
production activities 800 RON
administrative activities 200 RON
interest expenses 500 RON
Revenues from the sale of finished goods 23.000 RON
Revenues from merchandise sold 10.000 RON

14. Starting from the information below, draw up the income statement with expenses
classified by nature and the income statement with expenses classified by function:
ITEMS
Merchandise
expenses
Wages expenses
Amortization
expenses
Other expenses
TOTAL

COST OF
GOODS SOLD

ADMINISTRATION
EXPENSES

DISTRIBUTION
EXPENSES

TOTAL

18

20

2
28

1
5

6
10

9
43

15. Starting from the information below, draw up the income statement with expenses
classified by nature and the income statement with expenses classified by function:
raw materials used 5.000 RON
consumables used 5.000 RON, for:
production activities 2.500 RON
administrative activities 1.250 RON
distribution activities 750 RON
R&D activities 500 RON
variation in inventories 3.000 RON
energy and water expenses related to production activities 75 RON
wages expenses 4.250 RON, related to employees involved in:
production activities 1.500 RON
administrative activities 750 RON
distribution activities 1.250 RON
R&D activities 750 RON
amortization and depreciation expenses 2.750 RON, related to assets used in:
production activities 1.000 RON
administrative activities 500 RON
distribution activities 325 RON
R&D activities 925 RON
interest expenses 500 RON

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Tutorial 6

BUCHAREST UNIVERSITY OF ECONOMIC STUDIES


ACCOUNTING, FIBE FACULTY, FIRST YEAR, 2015-2016

interest revenues 425 RON


other financial revenues 400 RON
other financial expenses 350 RON
Revenues from the sale of finished goods 10.000 RON
Revenues from merchandise sold 4.500 RON

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Tutorial 6

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