Added: 5 years ago
From: savingandinvesting
Views: 22,021
Sort by time | Sort by thread (beta)

Link to this comment:

Share to:

All Comments (19)

Sign In or Sign Up now to post a comment!
  • 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.

  • Need to prepare all financial statements (corporation) for my project that is coming next week. Im in big trouble. Hopefully this will help.

  • i ask u to send me all of ur videos please

  • haha u speak way better than my lecturer^^

  • 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

  • well,,you can use ur accounting knowledge to finance ur tuition to university..:)good luck 4 the future man

  • 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.

  • 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?

  • Another Great Video

  • Thanks I am taking accounting and this is helping me a ton

  • how do you present income statement on manufacturing company?

  • 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.

  • 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 didn't know the difference between a balance sheet and an income statement, but I am learning it now.

    thanks so much

  • 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.

  • Thank you very much for the comment!

  • I liked your way of explination

Loading...
Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more