LO4-01: Discuss the importance of income from continuing operations and describe its components.
LO4-02: Describe earnings quality and how it is impacted by management practices to alter reported earnings.
LO4-03: Discuss the components of operating and non-operating income and their relationship to earnings quality.
LO4-04: Define what constitutes discontinued operations and describe the appropriate income statement presentation for these transactions.
LO4-05: Discuss additional reporting issues related to accounting changes, error corrections, and earnings per share (EPS).
LO4-06: Explain the difference between net income and comprehensive income and how we report components of the difference.
LO4-07: Describe the purpose of the statement of cash flows.
LO4-08: Identify and describe the various classifications of cash flows presented in a statement of cash flows.