Configuring the Statement of Revenues, Expenses, and Changes in Net Position
You can specify options to configure the Income Statement area of the financial statements. Options not defined here are included in Configuring common options.
Fundamental Topics
- Specifying terminology for income and loss in the income statement
- Selecting the income statement presentation method
- Displaying earnings per share information
Specifying terminology for income and loss in the income statement
In the Statement of Revenues, Expenses and Changes in Net Position area, you can specify what terms are to be used to refer to income and loss. These terms will update in the totals before and after income taxes and in the final result.
Procedure- Click in the Statement of Revenues, Expenses and Changes in Net Position area, and select the Statement of Revenues, Expenses and Changes in Net Position tab.
-
Click
(Titles and terms). The Titles and Terms dialog appears. - From the Income referred to as drop-down, select or type the term to be used to refer to income.
- From the Loss referred to as drop-down, select or type the term to be used to refer to loss.
- Click OK to close the dialog.
The specified terms are used to refer to income and loss.
Displaying earnings per share information
You can include a section at the bottom of the income statement to display earnings per share information. Basic and diluted earnings per share are shown, and discontinued operations are broken out.
Procedure- Click in the Statement of Revenues, Expenses and Changes in Net Position area, and select the Statement of Revenues, Expenses and Changes in Net Position tab.
- Select the Earnings per share check box.
Earnings per share information is displayed.