2. Accounting
  3. Preparation of Income Statement

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Asset Management

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Internal Control

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Preparation of Income Statement

16 Concepts5.7k Views
Introduction of the Income Statement
01:23

1.
Introduction of the Income Statement

Key Components of the Income Statement
01:26

2.
Key Components of the Income Statement

Revenue vs. Gain
01:27

3.
Revenue vs. Gain

Cost of Goods Sold
01:27

4.
Cost of Goods Sold

Gross Profit
01:25

5.
Gross Profit

Operating Expenses
01:23

6.
Operating Expenses

Depreciation and Amortization Effect
01:28

7.
Depreciation and Amortization Effect

Earnings Before Interest and Taxes
01:20

8.
Earnings Before Interest and Taxes

Interest and Taxes
01:21

9.
Interest and Taxes

Net Profit
01:29

10.
Net Profit

Single-Step vs. Multi-Step Income Statement
01:24

11.
Single-Step vs. Multi-Step Income Statement

Other Comprehensive Income
01:28

12.
Other Comprehensive Income

Comparative Income Analysis: Vertical
01:29

13.
Comparative Income Analysis: Vertical

Comparative Income Analysis: Horizontal
01:17

14.
Comparative Income Analysis: Horizontal

Income Statement: Service vs. Retail vs. Manufacturing
01:26

15.
Income Statement: Service vs. Retail vs. Manufacturing

Unique Items in Different Industries
01:30

16.
Unique Items in Different Industries