Understanding the Income Statement: Accounting for Beginners
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You'll find the essentials to understand the following chapters:
✔The balance sheet;
✔The functional balance sheet, the FRNG, WCR, TN and ratios as well as analysis;
✔The income statement;
✔MIS, ratios and analysis;
✔Dashboards;
✔Sales forecasts;
✔Inventory management and procurement budgets;
✔Cash budgets;
✔Accounting depreciation and loan amortization;
✔Capital projects, with calculation of FNT and NPV;
✔Full costs;
✔And the break-even point.
Plus: you'll find apps, and the corrections will be available on your favorite channel 😉
The income statement is an accounting document that measures a company's activity. The vocabulary used in this document isn't always easy to understand; in this tutorial, the different categories of the income statement are defined.