Income Statements Made Simple
Income statements don’t need to be complex. Actually, it’s really simple. They’re used to track a company’s financial performance over a specified period of time. For anyone who wants better grasp on the accounting basics, or maybe you just find financial statements a bit confusing… don’t worry, you’re not alone. This snappy little module breaks the income statement into its simplest terms, and will show you how it is arranged.
- How gross profit is calculated and why net income is a better indicator of financial performance.
- Revenue vs expenses
- Cost of goods sold
- How to calculate gross profit
- Net income