The Income Statement Explained

How do you know if a company is good at what it does? And how do you know if the Company is getting better or worse over time? Well, if a company’s objective is to sell goods and services at a profit, then the income statement will tell you if it’s succeeding or failing.
In this lesson we’ll be using our fictitious sailboat company to explore the income statement in detail by addressing the topics outlined below:
Krispy Kreme's Accounting Failure (and Plummeting Share Price)
The Revenue Recognition Principle
Measures of Profitability
The Matching Principle and Depreciation
Links Between the Financial Statements

[@luisnava2883]

It's a great video; it's well laid out and easy to understand. I am binge-watching all your videos like a good Netflix series. Just took a job in M&A Advisory job after 16 years in Operations.

[@imzan3650]

Thank you

[@paulb2022]

Still adding value

[@닝닝닝]

great vid, thanks