The INCOME STATEMENT for BEGINNERS

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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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⏱️TIMESTAMPS
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

🔗VIDEO LINKS
▪ Income Statement →    • The INCOME STATEMENT for BEGINNERS  
▪ Balance Sheet →    • The BALANCE SHEET for BEGINNERS (Full...  
▪ Cash Flow Statement →    • The CASH FLOW STATEMENT for BEGINNERS  
▪ Book Review →    • The Accounting Game - Book Review  

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