Our Explanation of Income Statement helps you learn the most important features of a corporation's income statement (also known as the statement of operations or profit and loss statement). We provide more understanding for revenues and expenses, as well as optional formats for presenting the amounts.
This 20-question quiz is a fast way to assess your understanding of the Income Statement Explanation. It's also a great warmup for our Quick Test.
This visual tutorial for the topic Income Statement presents the key components and formats used on a corporation's income statement (which is also known as the statement of operations or profit and loss statement). The accrual method of accounting is explained and used throughout.
Our Understanding Financial Statements Video Seminar consists of 14 videos of approximately 10 minutes each. You'll learn about the balance sheet, income statement, and cash flow statement components. To make things even more convenient we have included printable notes.
We've answered 198 popular questions related to the topic Income Statement. Review them all or use the search box found at the top of each page of our website for your specific questions.
Our flashcards for the topic Income Statement will help you master key terms and definitions. You can view them on any device or print them out.
If you find Income Statement terminology difficult, this Word Scramble will provide clues (scrambled answers) to assist you.
We created this crossword puzzle for you to learn, review, and retain terminology for the topic Income Statement in a more fun format.
We created this crossword puzzle for you to learn, review, and retain terminology for the topic Income Statement in a more fun format.
We created this crossword puzzle for you to learn, review, and retain terminology for the topic Income Statement in a more fun format.
Ten of our business forms provide assistance in preparing the income statement. Some of the forms are for retailers and wholesalers, some for service businesses, and some for a manufacturer. All of our business forms contain an Excel template, a blank PDF form, and a filled-in PDF form.
Our Income Statement Cheat Sheet presents the key components and formats used on a corporation?s income statement (also known as the statement of operations or profit and loss statement).
This graded 40-question test measures your understanding of the topic Income Statement. Discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.
This graded 30-question test provides coaching to guide you to the correct answers. Use our coaching to learn the WHY behind each answer and deepen your understanding of the topic Income Statement.
Passing this certificate exam will indicate that you have a solid understanding of the components of the income statement. As a result of your studying, you will stand out from others who are limited to citing the bottom-line amount. With additional knowledge you can make constructive suggestions to improve the profits of your business.
We now offer nine Certificates of Achievement for Introductory Accounting and Bookkeeping. The certificates include Debits and Credits, Adjusting Entries, Financial Statements, Balance Sheet, Income Statement, Cash Flow Statement, Working Capital and Liquidity, Bank Reconciliation, and Payroll Accounting. Click here to learn more.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com
