deal with the difficulties of future life. Chapter4 Analyzing Operating Activities (一)目的与要求 1.Explain the concepts of income measurement and their implications for analysis of operating activities. 2.Describe and analyze the impact of non-recurring items -including extraordinary items,discontinued segments,accounting changes,and restructuring charges and write-offs. 3.Analyze revenue and expense recognition and its risks for financial analysis. 4.Analyze deferred charges,including expenditures for research, development,and exploration 5.Analyze disclosures for employee stock options (ESOs) 6.Describe and interpret interest costs and the accounting for income taxes. (二)教学内容 Section 1 Income Measurement and Non-Recurring Items 1.主要内容 1)Income Measurement 2)Non-Recurring Items 2.基本概念和知识点 1)Economic Income 2)Permanent Income 3)Accounting income 4)Core Income 5)Revenues (gains)and Expenses (losses) 6)Operating income 7)Extraordinary items 8)Discontinued segments 9)Accounting changes 10)Restructuring charges 11)Special items 3.问题与应用（能力要求） 1)How to understand:"The most important indicator of a company's value is its sustainable earning power"? 1010 deal with the difficulties of future life. Chapter4 Analyzing Operating Activities （一）目的与要求 1. Explain the concepts of income measurement and their implications for analysis of operating activities. 2. Describe and analyze the impact of non-recurring items - including extraordinary items, discontinued segments, accounting changes, and restructuring charges and write-offs. 3. Analyze revenue and expense recognition and its risks for financial analysis. 4. Analyze deferred charges, including expenditures for research, development, and exploration. 5. Analyze disclosures for employee stock options (ESOs) 6. Describe and interpret interest costs and the accounting for income taxes. （二）教学内容 Section 1 Income Measurement and Non-Recurring Items 1. 主要内容 1) Income Measurement 2) Non-Recurring Items 2. 基本概念和知识点 1) Economic Income 2) Permanent Income 3) Accounting Income 4) Core Income 5) Revenues (gains) and Expenses (losses) 6) Operating income 7) Extraordinary items 8) Discontinued segments 9) Accounting changes 10) Restructuring charges 11) Special items 3. 问题与应用（能力要求） 1) How to understand: " The most important indicator of a company’s value is its sustainable earning power"?