The INCOME STATEMENT Explained Profit amp Loss PampL

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=hrSUq4wcd0g

💥Income Statement Cheat Sheet → https://accountingstuff.com/shop • 🖊Income Statement Practice Questions → https://accountingstuff.com/practice-... • 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 → • How The BALANCE SHEET Works (Statemen... • ▪ Cash Flow Statement → • Intro to Cash Flow Statements | Direc... • ▪ Book Review → • The Accounting Game - Book Review • 🔝 CLOUD ACCOUNTING SOFTWARE • ▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mf... • ▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa • ▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada • 🔎FAQ • ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m • 🚶FOLLOW ME ON • ▪ Instagram → / accountingstuff • ▪ TikTok → / accounting_stuff • ▪ Facebook → / thisisaccountingstuff • 🎬LEARN ACCOUNTING BASICS FOR FREE • ▪ The Full Playlist → • ACCOUNTING BASICS for Beginners (Whol... • ________________________ • 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

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