An income statement (US English) or profit and loss account (UK English) (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, operating statement, or statement of operations) is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period. It indicates how the revenues (money received from the sale of products and services before expenses are taken out, also known as the “top line”) are transformed into the net income (the result after all revenues and expenses have been accounted for, also known as “net profit” or the “bottom line”). It displays the revenues recognized for a specific
period, and the cost and expenses charged against these revenues, including write-offs (e.g., depreciation and amortization of various assets) and taxes. The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported.
The INCOME STATEMENT Explained (Profit & Loss / P&L)
💥Income Statement Cheat Sheet → https://accountingstuff.com/shop
🖊Income Statement Practice Questions → https://accountingstuff.com/practice-questions
The 'Income Statement', or 'Profit and Loss Statement' (P&L) is one of the three major Financial Statements, along with the Balance Sheet and the Statement of Cash Flows. In this tutorial, you'll find out what the Income Statement is and how you can use it to measure a business's financial performance.
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
01:02 - Income Statement Definition
01:10 - What a Basic Income Statement Looks Like
02:10 - An Analogy
02:37 - Expanding the Income Statement
03:16 - Direct Costs - Cost of Sales
04:48 - Gross Profit
05:10 - Indirect Costs - Overheads
06:1...
published: 19 Aug 2019
Income statement explained
What is an income statement? An income statement is an overview of how much a company has earned during a period. In analyzing the financial performance of a company, the income statement is where most people spend a lot of time.
⏱️TIMESTAMPS⏱️
00:00 Understanding the income statement
01:06 Income statement case study
02:53 Top line and bottom line
03:27 Revenue
04:23 Cost of revenue
05:55 Gross margin
06:23 Operating expenses
07:53 Operating income
08:27 Other income
08:55 Provision for income taxes
09:43 Net income
10:42 Earnings per share
The income statement is known under many names, each of these gives a hint of what we are trying to review in this income statement tutorial: consolidated statement of earnings, profit and loss statement, earnings report, statement of operations, sta...
published: 12 Feb 2020
How To Analyze an Income Statement
Disclaimer: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. My channel is meant for entertainment purposes only. I will NEVER ask you to send me money to trade for you. Please report any suspicious emails or fake social media profiles claiming to be me. Don't invest money you can't afford to lose. There are no guarantees or certainties in trading or investing.
Hey, I'm Daniel Pronk and in this video I show you how to analyze and read a companies Income Statement. Income Statements are crucial to understanding a business and it's revenue. You can also tell what the business is writing off and what it's operational expenses are. Income statements really help you decide if a business is a good investment. In this video,...
published: 17 Apr 2020
How to Prepare an Income Statement (Step by Step)
🔥Accelerate Your Grades with the Accounting Student Accelerator! - 85% OFF
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Want to master financial statements? Check out the Full Course Below:
https://www.udemy.com/course/learn-accounting-unlock-the-numbers/?referralCode=1C71DB8E04DB39582920
🔥DOWNLOAD YOUR FREE DEPRECIATION CHEAT SHEET 👉 http://bit.ly/depreciation-cheat-sheet
In today's video, I will show you how to prepare an income statement.
Income statements track revenues and expenses for a business. This statement helps businesses understand their income and profit. There are all types of expenses from wages expense to cost of goods sold. This statement can be tricky so make sure to watch the entire se...
published: 23 Nov 2019
The INCOME STATEMENT for BEGINNERS
💥Income Statement Cheat Sheet → https://accountingstuff.com/shop
🖊Income Statement Practice Questions → https://accountingstuff.com/practice-questions
The 'Income Statement', or 'Profit and Loss Statement' (P&L) is one of the three major Financial Statements, along with the Balance Sheet and the Statement of Cash Flows. In this tutorial, we'll build an Income Statement from the ground up using the basic principles of Accounting.
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:08 - Financial Statement Definition
00:41 - What is a Basic Income Statement?
00:55 - What is a Detailed Income Statement?
01:52 - How to Make a Basic Income Statement
03:19 - How to Make a Detailed Income Statement
🔗VIDEO LINKS
▪ Income Statement → https://...
published: 01 Mar 2021
Financial Accounting - Income Statement
I explain the income statement and format of the statement
published: 29 Aug 2013
Basic financial statement// income statement // Retained earning // balance sheet // bbs 1st years
Basic financial statement// income statement // Retained earning // balance sheet // bbs 1st years
new course
published: 19 Jul 2021
The Income Statement, defined and explained
This video defines what an income statement is and provides a brief explanation of its role.
—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education accessible to all people.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES
* http://eepurl.com/dIaa5z
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725
* Spo...
published: 15 Jul 2013
Trading Profit and Loss Account Format - Income Statement
#hstutorial Trading Profit and Loss Account Format - Income Statement guide and principles. This format is well detailed to help you understand clearly the concepts, uses, and elements of an Income Statement which was formally known as Trading Profit and Loss Account.
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https://www.hstutorial.com
💥Income Statement Cheat Sheet → https://accountingstuff.com/shop
🖊Income Statement Practice Questions → https://accountingstuff.com/practice-questions
The 'Inc...
💥Income Statement Cheat Sheet → https://accountingstuff.com/shop
🖊Income Statement Practice Questions → https://accountingstuff.com/practice-questions
The 'Income Statement', or 'Profit and Loss Statement' (P&L) is one of the three major Financial Statements, along with the Balance Sheet and the Statement of Cash Flows. In this tutorial, you'll find out what the Income Statement is and how you can use it to measure a business's financial performance.
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
01:02 - Income Statement Definition
01:10 - What a Basic Income Statement Looks Like
02:10 - An Analogy
02:37 - Expanding the Income Statement
03:16 - Direct Costs - Cost of Sales
04:48 - Gross Profit
05:10 - Indirect Costs - Overheads
06:15 - Operating Profit
06:42 - Comparative Periods
07:18 - Example - Imaginary Company
08:17 - Financial Ratio Analysis - Gross Profit Margin
09:34 - Interest Expenses & Tax
10:01 - Net Profit
10:12 - Gross Profit vs Operating Profit vs Net Profit
🔗VIDEO LINKS
▪ Balance Sheet → https://youtu.be/YZyBSU6YdmM
▪ Cash Flow Statement → https://youtu.be/Xy-yDw0gsgc
▪ Book Review → https://youtu.be/oNw4guzrzG4
🔝 CLOUD ACCOUNTING SOFTWARE
▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7
▪ Xero (FREE TRIAL) → https://xeroamericas.grsm.io/ck90eoq1r6tu
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
▪ TikTok → https://www.tiktok.com/@accounting_stuff
▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
For sponsorship, product reviews, and collaboration, you can email me here: [email protected]
________________________
#accounting #accountant #accountingstuff
💥Income Statement Cheat Sheet → https://accountingstuff.com/shop
🖊Income Statement Practice Questions → https://accountingstuff.com/practice-questions
The 'Income Statement', or 'Profit and Loss Statement' (P&L) is one of the three major Financial Statements, along with the Balance Sheet and the Statement of Cash Flows. In this tutorial, you'll find out what the Income Statement is and how you can use it to measure a business's financial performance.
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
01:02 - Income Statement Definition
01:10 - What a Basic Income Statement Looks Like
02:10 - An Analogy
02:37 - Expanding the Income Statement
03:16 - Direct Costs - Cost of Sales
04:48 - Gross Profit
05:10 - Indirect Costs - Overheads
06:15 - Operating Profit
06:42 - Comparative Periods
07:18 - Example - Imaginary Company
08:17 - Financial Ratio Analysis - Gross Profit Margin
09:34 - Interest Expenses & Tax
10:01 - Net Profit
10:12 - Gross Profit vs Operating Profit vs Net Profit
🔗VIDEO LINKS
▪ Balance Sheet → https://youtu.be/YZyBSU6YdmM
▪ Cash Flow Statement → https://youtu.be/Xy-yDw0gsgc
▪ Book Review → https://youtu.be/oNw4guzrzG4
🔝 CLOUD ACCOUNTING SOFTWARE
▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7
▪ Xero (FREE TRIAL) → https://xeroamericas.grsm.io/ck90eoq1r6tu
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
▪ TikTok → https://www.tiktok.com/@accounting_stuff
▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
For sponsorship, product reviews, and collaboration, you can email me here: [email protected]
________________________
#accounting #accountant #accountingstuff
What is an income statement? An income statement is an overview of how much a company has earned during a period. In analyzing the financial performance of a co...
What is an income statement? An income statement is an overview of how much a company has earned during a period. In analyzing the financial performance of a company, the income statement is where most people spend a lot of time.
⏱️TIMESTAMPS⏱️
00:00 Understanding the income statement
01:06 Income statement case study
02:53 Top line and bottom line
03:27 Revenue
04:23 Cost of revenue
05:55 Gross margin
06:23 Operating expenses
07:53 Operating income
08:27 Other income
08:55 Provision for income taxes
09:43 Net income
10:42 Earnings per share
The income statement is known under many names, each of these gives a hint of what we are trying to review in this income statement tutorial: consolidated statement of earnings, profit and loss statement, earnings report, statement of operations, statement of financial performance, or simply: the income statement. So in case you are unable to find the income statement for a company, try a search with any of these other names!
Learning how to read an income statement is just like learning how to read anything else: I encourage you to go through lots of real world income statements for companies that you are interested in. By reviewing the income statement, and the notes that come with it in the annual report, you will at the same time learn a lot about how the business works.
Let me show you how to read an income statement, using the financial statements of Microsoft as an example.
To get a quick first impression, we take a look at revenue at the top of the #incomestatement, and net income at the bottom of the income statement. Also known as the top line and the bottom line. Net sales billed, and turnover, are sometimes used by other companies as a synonym for revenue. Net earnings and net profit are sometimes used as a synonym for net income. If CEOs or analysts discuss how revenue and net income have developed, they often refer to top line growth and bottom line growth.
Philip de Vroe (The Finance Storyteller) aims to make #accounting, #finance and investing enjoyable and easier to understand. Learn the business and accounting vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better investing decisions. Philip delivers #financetraining in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
What is an income statement? An income statement is an overview of how much a company has earned during a period. In analyzing the financial performance of a company, the income statement is where most people spend a lot of time.
⏱️TIMESTAMPS⏱️
00:00 Understanding the income statement
01:06 Income statement case study
02:53 Top line and bottom line
03:27 Revenue
04:23 Cost of revenue
05:55 Gross margin
06:23 Operating expenses
07:53 Operating income
08:27 Other income
08:55 Provision for income taxes
09:43 Net income
10:42 Earnings per share
The income statement is known under many names, each of these gives a hint of what we are trying to review in this income statement tutorial: consolidated statement of earnings, profit and loss statement, earnings report, statement of operations, statement of financial performance, or simply: the income statement. So in case you are unable to find the income statement for a company, try a search with any of these other names!
Learning how to read an income statement is just like learning how to read anything else: I encourage you to go through lots of real world income statements for companies that you are interested in. By reviewing the income statement, and the notes that come with it in the annual report, you will at the same time learn a lot about how the business works.
Let me show you how to read an income statement, using the financial statements of Microsoft as an example.
To get a quick first impression, we take a look at revenue at the top of the #incomestatement, and net income at the bottom of the income statement. Also known as the top line and the bottom line. Net sales billed, and turnover, are sometimes used by other companies as a synonym for revenue. Net earnings and net profit are sometimes used as a synonym for net income. If CEOs or analysts discuss how revenue and net income have developed, they often refer to top line growth and bottom line growth.
Philip de Vroe (The Finance Storyteller) aims to make #accounting, #finance and investing enjoyable and easier to understand. Learn the business and accounting vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better investing decisions. Philip delivers #financetraining in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
Disclaimer: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. My channel is meant for ent...
Disclaimer: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. My channel is meant for entertainment purposes only. I will NEVER ask you to send me money to trade for you. Please report any suspicious emails or fake social media profiles claiming to be me. Don't invest money you can't afford to lose. There are no guarantees or certainties in trading or investing.
Hey, I'm Daniel Pronk and in this video I show you how to analyze and read a companies Income Statement. Income Statements are crucial to understanding a business and it's revenue. You can also tell what the business is writing off and what it's operational expenses are. Income statements really help you decide if a business is a good investment. In this video, I show you tricks and tips when looking at income statements, as well as some red flags.
Further Support The Channel Via Patreon!
www.Patreon.com/DanielPronk
My Favorite Investing Books:
Rule 1 Investing
https://amzn.to/2wP3xeA
The Intelligent Investor:
https://amzn.to/2xzWnvA
My Stock Trading Broker - Sign Up and Recieve $50 In FREE Trades:
http://www.questrade.com?refid=5d35f0e6ca378
This is not investment advice. Please do all your own research before buying and selling any stocks or securities. I am not responsible for any loss or gain you may have.
#IncomeStatement #Beginner
Disclaimer: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. My channel is meant for entertainment purposes only. I will NEVER ask you to send me money to trade for you. Please report any suspicious emails or fake social media profiles claiming to be me. Don't invest money you can't afford to lose. There are no guarantees or certainties in trading or investing.
Hey, I'm Daniel Pronk and in this video I show you how to analyze and read a companies Income Statement. Income Statements are crucial to understanding a business and it's revenue. You can also tell what the business is writing off and what it's operational expenses are. Income statements really help you decide if a business is a good investment. In this video, I show you tricks and tips when looking at income statements, as well as some red flags.
Further Support The Channel Via Patreon!
www.Patreon.com/DanielPronk
My Favorite Investing Books:
Rule 1 Investing
https://amzn.to/2wP3xeA
The Intelligent Investor:
https://amzn.to/2xzWnvA
My Stock Trading Broker - Sign Up and Recieve $50 In FREE Trades:
http://www.questrade.com?refid=5d35f0e6ca378
This is not investment advice. Please do all your own research before buying and selling any stocks or securities. I am not responsible for any loss or gain you may have.
#IncomeStatement #Beginner
🔥Accelerate Your Grades with the Accounting Student Accelerator! - 85% OFF
Financial Accounting Accelerator 👉 http://bit.ly/fin-acct-review
Managerial Accounti...
🔥Accelerate Your Grades with the Accounting Student Accelerator! - 85% OFF
Financial Accounting Accelerator 👉 http://bit.ly/fin-acct-review
Managerial Accounting Accelerator 👉 http://bit.ly/aua-mgr
Want to master financial statements? Check out the Full Course Below:
https://www.udemy.com/course/learn-accounting-unlock-the-numbers/?referralCode=1C71DB8E04DB39582920
🔥DOWNLOAD YOUR FREE DEPRECIATION CHEAT SHEET 👉 http://bit.ly/depreciation-cheat-sheet
In today's video, I will show you how to prepare an income statement.
Income statements track revenues and expenses for a business. This statement helps businesses understand their income and profit. There are all types of expenses from wages expense to cost of goods sold. This statement can be tricky so make sure to watch the entire series to understand how to make an income statement step by step.
SUBSCRIBE SO YOU CAN MASTER ACCOUNTING!
https://www.youtube.com/channel/UCCyBG-qtLqfvCdSG34ES8Ag
********************************************************************
Comment Below if you have any questions!🔥
🔥Accelerate Your Grades with the Accounting Student Accelerator! - 85% OFF
Financial Accounting Accelerator 👉 http://bit.ly/fin-acct-review
Managerial Accounting Accelerator 👉 http://bit.ly/aua-mgr
Want to master financial statements? Check out the Full Course Below:
https://www.udemy.com/course/learn-accounting-unlock-the-numbers/?referralCode=1C71DB8E04DB39582920
🔥DOWNLOAD YOUR FREE DEPRECIATION CHEAT SHEET 👉 http://bit.ly/depreciation-cheat-sheet
In today's video, I will show you how to prepare an income statement.
Income statements track revenues and expenses for a business. This statement helps businesses understand their income and profit. There are all types of expenses from wages expense to cost of goods sold. This statement can be tricky so make sure to watch the entire series to understand how to make an income statement step by step.
SUBSCRIBE SO YOU CAN MASTER ACCOUNTING!
https://www.youtube.com/channel/UCCyBG-qtLqfvCdSG34ES8Ag
********************************************************************
Comment Below if you have any questions!🔥
💥Income Statement Cheat Sheet → https://accountingstuff.com/shop
🖊Income Statement Practice Questions → https://accountingstuff.com/practice-questions
The 'Inc...
💥Income Statement Cheat Sheet → https://accountingstuff.com/shop
🖊Income Statement Practice Questions → https://accountingstuff.com/practice-questions
The 'Income Statement', or 'Profit and Loss Statement' (P&L) is one of the three major Financial Statements, along with the Balance Sheet and the Statement of Cash Flows. In this tutorial, we'll build an Income Statement from the ground up using the basic principles of Accounting.
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:08 - Financial Statement Definition
00:41 - What is a Basic Income Statement?
00:55 - What is a Detailed Income Statement?
01:52 - How to Make a Basic Income Statement
03:19 - How to Make a Detailed Income Statement
🔗VIDEO LINKS
▪ Income Statement → https://youtu.be/0--AvwZabIQ
▪ Balance Sheet → https://youtu.be/CMv1zlZhb4Q
▪ Cash Flow Statement → https://youtu.be/DiVPAjgmnj0
▪ Book Review → https://youtu.be/oNw4guzrzG4
🔝 CLOUD ACCOUNTING SOFTWARE
▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7
▪ Xero (FREE TRIAL) → https://xeroamericas.grsm.io/ck90eoq1r6tu
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
▪ TikTok → https://www.tiktok.com/@accounting_stuff
▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingstuff
💥Income Statement Cheat Sheet → https://accountingstuff.com/shop
🖊Income Statement Practice Questions → https://accountingstuff.com/practice-questions
The 'Income Statement', or 'Profit and Loss Statement' (P&L) is one of the three major Financial Statements, along with the Balance Sheet and the Statement of Cash Flows. In this tutorial, we'll build an Income Statement from the ground up using the basic principles of Accounting.
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:08 - Financial Statement Definition
00:41 - What is a Basic Income Statement?
00:55 - What is a Detailed Income Statement?
01:52 - How to Make a Basic Income Statement
03:19 - How to Make a Detailed Income Statement
🔗VIDEO LINKS
▪ Income Statement → https://youtu.be/0--AvwZabIQ
▪ Balance Sheet → https://youtu.be/CMv1zlZhb4Q
▪ Cash Flow Statement → https://youtu.be/DiVPAjgmnj0
▪ Book Review → https://youtu.be/oNw4guzrzG4
🔝 CLOUD ACCOUNTING SOFTWARE
▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7
▪ Xero (FREE TRIAL) → https://xeroamericas.grsm.io/ck90eoq1r6tu
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
▪ TikTok → https://www.tiktok.com/@accounting_stuff
▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingstuff
This video defines what an income statement is and provides a brief explanation of its role.
—
Edspira is the creation of Michael McLaughlin, an award-winning ...
This video defines what an income statement is and provides a brief explanation of its role.
—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education accessible to all people.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES
* http://eepurl.com/dIaa5z
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725
* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc
* Website: https://www.edspira.com/podcast-2/
—
GET TAX TIPS ON TIKTOK
* https://www.tiktok.com/@prof_mclaughlin
—
ACCESS INDEX OF VIDEOS
* https://www.edspira.com/index
—
CONNECT WITH EDSPIRA
* Facebook: https://www.facebook.com/Edspira
* Instagram: https://www.instagram.com/edspiradotcom
* LinkedIn: https://www.linkedin.com/company/edspira
—
CONNECT WITH MICHAEL
* Twitter: https://www.twitter.com/Prof_McLaughlin
* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin
—
ABOUT EDSPIRA AND ITS CREATOR
* https://www.edspira.com/about/
This video defines what an income statement is and provides a brief explanation of its role.
—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education accessible to all people.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES
* http://eepurl.com/dIaa5z
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725
* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc
* Website: https://www.edspira.com/podcast-2/
—
GET TAX TIPS ON TIKTOK
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#hstutorial Trading Profit and Loss Account Format - Income Statement guide and principles. This format is well detailed to help you understand clearly the conc...
#hstutorial Trading Profit and Loss Account Format - Income Statement guide and principles. This format is well detailed to help you understand clearly the concepts, uses, and elements of an Income Statement which was formally known as Trading Profit and Loss Account.
Never miss a tutorial video - Subscribe to stay up-to-date with us https://www.hstutorial.com/subscribe
Read more on Accounting topics at
https://www.hstutorial.com
#hstutorial Trading Profit and Loss Account Format - Income Statement guide and principles. This format is well detailed to help you understand clearly the concepts, uses, and elements of an Income Statement which was formally known as Trading Profit and Loss Account.
Never miss a tutorial video - Subscribe to stay up-to-date with us https://www.hstutorial.com/subscribe
Read more on Accounting topics at
https://www.hstutorial.com
💥Income Statement Cheat Sheet → https://accountingstuff.com/shop
🖊Income Statement Practice Questions → https://accountingstuff.com/practice-questions
The 'Income Statement', or 'Profit and Loss Statement' (P&L) is one of the three major Financial Statements, along with the Balance Sheet and the Statement of Cash Flows. In this tutorial, you'll find out what the Income Statement is and how you can use it to measure a business's financial performance.
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
01:02 - Income Statement Definition
01:10 - What a Basic Income Statement Looks Like
02:10 - An Analogy
02:37 - Expanding the Income Statement
03:16 - Direct Costs - Cost of Sales
04:48 - Gross Profit
05:10 - Indirect Costs - Overheads
06:15 - Operating Profit
06:42 - Comparative Periods
07:18 - Example - Imaginary Company
08:17 - Financial Ratio Analysis - Gross Profit Margin
09:34 - Interest Expenses & Tax
10:01 - Net Profit
10:12 - Gross Profit vs Operating Profit vs Net Profit
🔗VIDEO LINKS
▪ Balance Sheet → https://youtu.be/YZyBSU6YdmM
▪ Cash Flow Statement → https://youtu.be/Xy-yDw0gsgc
▪ Book Review → https://youtu.be/oNw4guzrzG4
🔝 CLOUD ACCOUNTING SOFTWARE
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▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
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Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
For sponsorship, product reviews, and collaboration, you can email me here: [email protected]
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What is an income statement? An income statement is an overview of how much a company has earned during a period. In analyzing the financial performance of a company, the income statement is where most people spend a lot of time.
⏱️TIMESTAMPS⏱️
00:00 Understanding the income statement
01:06 Income statement case study
02:53 Top line and bottom line
03:27 Revenue
04:23 Cost of revenue
05:55 Gross margin
06:23 Operating expenses
07:53 Operating income
08:27 Other income
08:55 Provision for income taxes
09:43 Net income
10:42 Earnings per share
The income statement is known under many names, each of these gives a hint of what we are trying to review in this income statement tutorial: consolidated statement of earnings, profit and loss statement, earnings report, statement of operations, statement of financial performance, or simply: the income statement. So in case you are unable to find the income statement for a company, try a search with any of these other names!
Learning how to read an income statement is just like learning how to read anything else: I encourage you to go through lots of real world income statements for companies that you are interested in. By reviewing the income statement, and the notes that come with it in the annual report, you will at the same time learn a lot about how the business works.
Let me show you how to read an income statement, using the financial statements of Microsoft as an example.
To get a quick first impression, we take a look at revenue at the top of the #incomestatement, and net income at the bottom of the income statement. Also known as the top line and the bottom line. Net sales billed, and turnover, are sometimes used by other companies as a synonym for revenue. Net earnings and net profit are sometimes used as a synonym for net income. If CEOs or analysts discuss how revenue and net income have developed, they often refer to top line growth and bottom line growth.
Philip de Vroe (The Finance Storyteller) aims to make #accounting, #finance and investing enjoyable and easier to understand. Learn the business and accounting vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better investing decisions. Philip delivers #financetraining in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
Disclaimer: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. My channel is meant for entertainment purposes only. I will NEVER ask you to send me money to trade for you. Please report any suspicious emails or fake social media profiles claiming to be me. Don't invest money you can't afford to lose. There are no guarantees or certainties in trading or investing.
Hey, I'm Daniel Pronk and in this video I show you how to analyze and read a companies Income Statement. Income Statements are crucial to understanding a business and it's revenue. You can also tell what the business is writing off and what it's operational expenses are. Income statements really help you decide if a business is a good investment. In this video, I show you tricks and tips when looking at income statements, as well as some red flags.
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#IncomeStatement #Beginner
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In today's video, I will show you how to prepare an income statement.
Income statements track revenues and expenses for a business. This statement helps businesses understand their income and profit. There are all types of expenses from wages expense to cost of goods sold. This statement can be tricky so make sure to watch the entire series to understand how to make an income statement step by step.
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💥Income Statement Cheat Sheet → https://accountingstuff.com/shop
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The 'Income Statement', or 'Profit and Loss Statement' (P&L) is one of the three major Financial Statements, along with the Balance Sheet and the Statement of Cash Flows. In this tutorial, we'll build an Income Statement from the ground up using the basic principles of Accounting.
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:08 - Financial Statement Definition
00:41 - What is a Basic Income Statement?
00:55 - What is a Detailed Income Statement?
01:52 - How to Make a Basic Income Statement
03:19 - How to Make a Detailed Income Statement
🔗VIDEO LINKS
▪ Income Statement → https://youtu.be/0--AvwZabIQ
▪ Balance Sheet → https://youtu.be/CMv1zlZhb4Q
▪ Cash Flow Statement → https://youtu.be/DiVPAjgmnj0
▪ Book Review → https://youtu.be/oNw4guzrzG4
🔝 CLOUD ACCOUNTING SOFTWARE
▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7
▪ Xero (FREE TRIAL) → https://xeroamericas.grsm.io/ck90eoq1r6tu
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
▪ TikTok → https://www.tiktok.com/@accounting_stuff
▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingstuff
This video defines what an income statement is and provides a brief explanation of its role.
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#hstutorial Trading Profit and Loss Account Format - Income Statement guide and principles. This format is well detailed to help you understand clearly the concepts, uses, and elements of an Income Statement which was formally known as Trading Profit and Loss Account.
Never miss a tutorial video - Subscribe to stay up-to-date with us https://www.hstutorial.com/subscribe
Read more on Accounting topics at
https://www.hstutorial.com
An income statement (US English) or profit and loss account (UK English) (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, operating statement, or statement of operations) is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period. It indicates how the revenues (money received from the sale of products and services before expenses are taken out, also known as the “top line”) are transformed into the net income (the result after all revenues and expenses have been accounted for, also known as “net profit” or the “bottom line”). It displays the revenues recognized for a specific
period, and the cost and expenses charged against these revenues, including write-offs (e.g., depreciation and amortization of various assets) and taxes. The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported.
Income Statement. ... Total other income, net, rose to $0.06 million from a loss of $0.40 million, largely due to foreign currency gains ... CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) ... TOTAL OTHER INCOME (EXPENSE), NET.
However, the income statement only includes a few days of JP Developers of Texas's operations as the company was acquired in late September, just days before the end of the reporting period ... 1-888-204-4134 [email protected]Safe HarborStatement.
... All statements from The OLBGroup, Inc ... Such risks, uncertainties, and other factors include statements regarding the expected revenue and income for operations to be generated by The OLB Group, Inc.
But a certain brand of Republican still hopes to push the incoming administration to take on climate change, the “America First” way ...Franz, the coalition’s CEO, in a statement to Grist.
Reports this week that Taiwan has contacted the incoming ... The incoming Republican administration would prioritize actions over words, and the procurement of hard power would be valued over statements.
... a statement ... Trump made the announcement about Burgum joining his incoming administration while addressing a gala at his Mar-a-Lago club, and said a formal statement would be coming the following day.
I urge my SenateRepublican colleagues to join me in forcefully condemning and opposing this catastrophic nomination,” she wrote in a statement ... not be impacted by the incoming administration.
John Thune, the incoming SenateRepublican leader, has criticized Trump in the past but said in a statement Thursday that his objective was “to advance President Trump’s agenda.”.
Maine has still yet to release federal funding for a Solar for All program that will serve low-income households. The Governor’s EnergyOffice said in a statement it expects federal energy and environmental policies to change under Trump.
The Iranians said the meeting between Musk and AmbassadorAmir Saeid Iravani lasted more than an hour and was held at a secret location ... Karoline Leavitt, the transition spokesperson for the incoming Trump-Vance administration, said in a statement ... .