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lec3 - Income Statement Results of Operating Performance...

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1 Income Statement: Results of Operating Performance 15.511 Corporate Accounting Summer 2004 Professor SP Kothari Sloan School of Management Massachusetts Institute of Technology June 10, 2004
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2 Chapter 3: Income Statement Accounting in a “one-period” world - Cash + Cash Invested Returned 0 1 Example: Shipping Expeditions in the 15th Century Ship sold at the end of a voyage: Finite project life No information flow from time ship left port until it returned Performance: Discounted Cash Flow (DCF)
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