Accounting Income Statement
Saket Modi
20 years: Chartered accountant & educator
The income statement shows an entity’s sources of revenue, expenses incurred and the resulting profit or loss for the period, usually one year. In the fourth video of this series, Saket highlights what is included within the income statement, and the different ways of presenting the information.
The income statement shows an entity’s sources of revenue, expenses incurred and the resulting profit or loss for the period, usually one year. In the fourth video of this series, Saket highlights what is included within the income statement, and the different ways of presenting the information.
Accounting Income Statement
6 mins 24 secs
The income statement shows an entity’s sources of revenue, expenses incurred and the resulting profit or loss for the period, usually one year. It is also referred to as the Statement of Financial Performance. There are different formats for presentation of revenue and expenses.
Key learning objectives:
What are the items of income and expenses presented in the income statement?
How is the profit or loss figure arrived at?
What are the different presentation formats of the income statement?
Saket Modi
05:28
01:04
02:51
03:56
08:56
03:13
04:57
04:16
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