Periodicity of income assumption---Periodicity is the idea that economic activities of a company can be divided logically and identified with time periods such as monthly, quarterly, and annually.
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As a successful business owner with several streams of income, I can appreciate your insight and expertise. Very valuable. Thank you for creating this video.
A really simple as well as good explanation of financial statements. However, I'd like to add that there is the forth financial statement -- Retained Earnings Statement. Would you talk about it in your next videos if any? Thanks
Thanks lyslenky, the retained earnings statement is often included as part of income statment (esp. when not many share classes) and shows the change in retained earnings based on that period's income, less the dividends paid out. Many textbooks do not refer to, and often not used in analysis, and theoretically of value only in more complex companies. Will def. note for website as it develops, and definitely more videos to come. Thank You for support and comment!
I like your simple explanation of what an Income statement is...Thank you for taking the complexity out of it and making it where the layman can understand it. Once again thank you and 'God' bless you.
Periodicity of income assumption---Periodicity is the idea that economic activities of a company can be divided logically and identified with time periods such as monthly, quarterly, and annually.
Good video.
riverlioness 7 months ago
Need to prepare all financial statements (corporation) for my project that is coming next week. Im in big trouble. Hopefully this will help.
moncik1 1 year ago
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eZdia team is a group of diverse individuals who have known each other for a long time and share the passion of creating a visionary knowledge platform. We want this knowledge platform to enable people from all walks of life to share their experiences, and learn as they go through different phases of life.
86rishabh 2 years ago
i ask u to send me all of ur videos please
worldlegend1 2 years ago
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BrittPhillips 2 years ago
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I am selling the Solution Manual and Test bank for Intermediate Accounting 13e Kieso. You can message me here for additional info. I am selling it for only $24.99.
Message me if you have any question.
Thank You
inzimam26 2 years ago
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I really liked your channel and this video. If you need any help getting this video exposed I use a site called tubeviews (dot) net It has really helped like 20 of my main videos get to the top in position.
There is software im using to send atleast 30,000 text message a day advertising my online business...it is amazing. I think they have free demos to try as well.
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I like what i watched.
Indoojha 3 years ago
haha u speak way better than my lecturer^^
fredricthong 3 years ago 2
As a successful business owner with several streams of income, I can appreciate your insight and expertise. Very valuable. Thank you for creating this video.
Iva
incomegurus 3 years ago
well,,you can use ur accounting knowledge to finance ur tuition to university..:)good luck 4 the future man
777jboss777 3 years ago
Thanks so much.
I'm glad that you provide insight information on such complex issues and make me understand those things. Very useful for me.
Thank you.
landmaid 3 years ago
currently I am 15 years old, what can I do at my age to be more of a sure shot and a BIG SHOT in the future?
salashaska223 3 years ago
Another Great Video
wstalents 3 years ago
Thanks I am taking accounting and this is helping me a ton
joulian0720 3 years ago
how do you present income statement on manufacturing company?
duardie2 3 years ago
Largely no different than others in terms of fomat. Generically:
Revenues
COGS
Gross Profit
Operating Expenses
Operating Profit etc.
The COGS would probably be larger given the cost of materials. I would look at a few samples via Google to get a feel.
savingandinvesting 3 years ago
A really simple as well as good explanation of financial statements. However, I'd like to add that there is the forth financial statement -- Retained Earnings Statement. Would you talk about it in your next videos if any? Thanks
lysenkiy 4 years ago
Thanks lyslenky, the retained earnings statement is often included as part of income statment (esp. when not many share classes) and shows the change in retained earnings based on that period's income, less the dividends paid out. Many textbooks do not refer to, and often not used in analysis, and theoretically of value only in more complex companies. Will def. note for website as it develops, and definitely more videos to come. Thank You for support and comment!
savingandinvesting 4 years ago
i didn't know the difference between a balance sheet and an income statement, but I am learning it now.
thanks so much
Jackie2383 4 years ago
I like your simple explanation of what an Income statement is...Thank you for taking the complexity out of it and making it where the layman can understand it. Once again thank you and 'God' bless you.
'Daniel H.
jodiboi 4 years ago
Thank you very much for the comment!
savingandinvesting 4 years ago
I liked your way of explination
TutorVista 5 years ago