Welcome to the “Financial Statements: The Income Statement” video lesson intended to walk you through how to read and understand an income statement. This lesson is the second of four in the “Financial Statements” video course, which is meant to help you analyze financial statements and develop an executive mindset about your organization’s finances. During this lesson, you’ll learn what an income statement is and why it’s useful to analyze. Plus, you’ll explore the two key items on an income statement—revenue and expenses—and look at equations for calculating profit and gross margin. You’ll even navigate a sample income statement so you develop the skills necessary to interpret these financial documents independently.
Overview
COURSE DIFFICULTY
COURSE DURATION
8m
Skills Learned
After completing this online training course, students will be able to:
Analyze the Components of an Income Statement
Interpret Financial Performance Indicators
Prepare Income Statements for Various Business Scenarios
Identify Key Differences Between Income Statements and Other Financial Statements
Finance Professionals, Accountants, Business Analysts, Students in Finance or Accounting Fields
Basic Understanding of Accounting Principles
01. Introduction to Income Statements
02. Key Components of Income Statements
03. Financial Performance Metrics
04. Preparing an Income Statement
05. Common Mistakes and Misinterpretations
SKILLS LEARNED
Skills Learned
After completing this online training course, students will be able to:
Analyze the Components of an Income Statement
Interpret Financial Performance Indicators
Prepare Income Statements for Various Business Scenarios
Identify Key Differences Between Income Statements and Other Financial Statements
WHO SHOULD ATTEND
Finance Professionals, Accountants, Business Analysts, Students in Finance or Accounting Fields
PREREQUISITES
Basic Understanding of Accounting Principles
COURSE OUTLINE
01. Introduction to Income Statements
02. Key Components of Income Statements
03. Financial Performance Metrics
04. Preparing an Income Statement
05. Common Mistakes and Misinterpretations
