• What are the key subtotals in the income statement, and what do they convey?
• What is meant by "earnings quality" and what determines it?
• Why do discontinued operations require special treatment in the income statement?
• How are current-period and previous-period errors handled in the income statement?
• How are changes in accounting principle and changes in accounting estimate handled in the income statement?
• What does earnings per share mean?
• What does the cash flow statement convey? How does it contrast with the income statement as a measure of performance?
• What are some high-level differences between US GAAP and IFRS in the income statement and statement of cash flows?