The number of months in the quarterly income statement of financial statements is a statement that reflects the operating results of an enterprise in a certain period of time, and is usually prepared on a monthly basis. The following will explain in detail how to fill out the financial statements, quarterly income statement, and the number of months.
1. The basis and scope of the preparation of the report.
The preparation of the quarterly income statement of the financial statements is based on the provisions of the relevant accounting systems and accounting standards promulgated by the state and the actual operation of the enterprise. The scope of the report includes all income, expenses, assets and liabilities and other items, as follows:
2) Income items: sales revenue, non-operating income and other business income.
3) Cost items: production costs, management expenses, sales expenses, financial expenses, R & D expenses, etc.
4) Period expense items: business tax and surcharge, income tax expense, etc.
5) Other items: depreciation of fixed assets, amortization of intangible assets, deferred tax assets, asset impairment provisions, etc.
2. Calculation method of report items.
The calculation method of each item in the quarterly income statement of the financial statements is based on the specific operating conditions and accounting principles of the enterprise. Here are some of the most common items and how to calculate them:
6) Operating income: refers to the cash inflow generated by the main business, including product sales revenue, labor service income, interest income, rental income, etc.
7) Cost of main business: refers to the direct material cost, direct labor cost, manufacturing expense, etc. incurred by the enterprise in selling goods or providing services.
8) Other operating expenses: refers to the cash outflows generated by other business activities other than the main business, such as lease expenses, advertising expenses, travel expenses and other expenses.
9) VAT payable: refers to the amount of VAT payable, that is, the difference between the output VAT and the input VAT.
10) Income tax expense: the enterprise income tax payable in the current period calculated in accordance with the provisions of the enterprise income tax law.
3. Adjustment and disclosure of report data.
The data in the quarterly income statement of the financial statements needs to be adjusted and disclosed to accurately reflect the operating results of the enterprise. The following is a list of common adjustments and disclosure requirements in the financial statements:
11) Adjustments: such as fixed assets inventory profit, fixed asset inventory loss, inventory decline loss, bad debt loss, investment income, etc.
12) Disclosures: such as the proportion of accounts receivable, changes in the balance of prepaid accounts, impairment provisions for long-term equity investments, amortization of intangible assets, etc.