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333,431 Views ā¢ Mar 1, 2021 ā¢ Click to toggle off description
šIncome Statement Practice Questions ā 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.
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ā±ļøTIMESTAMPS
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
šVIDEO LINKS
āŖ Income Statement ā Ā Ā Ā ā¢Ā TheĀ INCOMEĀ STATEMENTĀ forĀ BEGINNERSĀ Ā
āŖ Balance Sheet ā Ā Ā Ā ā¢Ā TheĀ BALANCEĀ SHEETĀ forĀ BEGINNERSĀ (Full...Ā Ā
āŖ Cash Flow Statement ā Ā Ā Ā ā¢Ā TheĀ CASHĀ FLOWĀ STATEMENTĀ forĀ BEGINNERSĀ Ā
āŖ Book Review ā Ā Ā Ā ā¢Ā TheĀ AccountingĀ GameĀ -Ā BookĀ ReviewĀ Ā
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āŖ Xero (FREE TRIAL) ā xeroamericas.grsm.io/ck90eoq1r6tu
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āŖ My Favourite Accounting Book for Beginners ā geni.us/5mKR7m
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āŖ The Full Playlist ā Ā Ā Ā ā¢Ā ACCOUNTINGĀ BASICSĀ forĀ BeginnersĀ (Whol...Ā Ā
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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!
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#accounting #accountingstuff
Views : 333,431
Genre: Education
Date of upload: Mar 1, 2021 ^^
Rating : 4.968 (53/6,516 LTDR)
RYD date created : 2022-03-25T17:18:49.195782Z
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YouTube Comments - 305 Comments
Top Comments of this video!! :3
who is here and having examination tomorrow and try to save the whole termš
167 |
I'm pretty sure that you explained it better than our university teachers
143 |
I could hug you for this video. Seriously.
46 |
Thank you, I work in the IT field and wanted to learn accounting on the side. Your explanation is very clear and helpful, I am grateful that I found this channel early in the journey.
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Hey man, I just want to let you know I was having the toughest time in accounting until I watched your videos. I got a 91 on a hw assignment which I usually get 60's on. Thank you for all you do!!!
54 |
Hi, James! I just purchased your All in One Cheat Sheet Accounting Bundle!
I have been following your videos for years and before purchased one section.
Youāre videos are VERY helpful!
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James, you represent all that is good in Youtube tutorials: Accessible information, clearly explained, engaging images, relevant examples, enthusiasm, humbleness and a pinch of humour. I've sat and watched 2+ hours of your videos today to refresh my understanding. There should be accounting and finance lecturers who should take note. Good luck with the journey to a 500k subscribers, you deserve it.
16 |
As Always, Brilliant and easy. In my 4 year accounting and finance degree this channel is included in a few things that I admire most. Bro cost and managerial accounting is also seeking your attention. š
6 |
incredible editing and presentation of the information for the ease of understanding!!!!! thanks for the education!
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All your videos are just awesome! So catchy and so useful at the same timeš Admirations š
1 |
Iāve been very overwhelmed in my Financial Accounting class latelyā¦
I have read the textbook and I feel like I canāt dedicate enough time to reading to use that to get enough of a grasp.
My teacher is fine, but sometimes hard to follow.
This helped me so much.
Thank you <3
14 |
Absolutely love all your content and this one was very informative! Thank you for all that you do. I start my first accounting class in a week (it's my major).
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well this was super clear and easy to understand thanks!
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God bless you man, really well explained!!!
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Watching your videos since morning extremely helpful ā¤ļø
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Watched done šš¼. Bravo! š«
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Hi James, as someone who was forced :) to do an accounting unit as part of my degree and having never-ever studied accounting, I found your series helped tremendously. I would like to recommend that you make a series on capital investment decisions, NVP, IRR and payback periods, that would be fantastic!! Thanks heaps.
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The way you transit from Trial balance to Income Statement was lit.
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Impressed... This is a well elaborated šš
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@AccountingStuff
2 years ago
ā±ļøTIMESTAMPS 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
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