Income Statements Made Simple
What are income statements? Well, they track a company’s financial performance over a specified period of time. Don’t worry – this bite-sized module breaks the income statement into its simplest terms and shows you how it is organized. You’ll learn how gross profit is calculated and why net income is a better indicator of financial performance. A great course for people who want to know about the basics of accounting, small business owners who need to know the fundamentals of finance, or anyone who finds financial statements puzzling and wants to understand more.
- Revenue vs. expenses
- Cost of goods sold
- How to calculate gross profit
- Net income explained