Income Statement Tutorials
WHAT YOU'LL LEARN
Income Statement provides details of how the revenue of the company is relative to its expenses. Income Statement details the sales, as well as all types of expenses, includes selling, general and admin expenses, depreciation expenses, tax expenses, interest expense and more. Here we also discuss nonrecurring items, EBITDA, EBIT, Types of depreciation, capitalization vs expensing, net operating losses, tax shied, accounting profit vs economic profit and more.
215 RESOURCES
- 2/10 Net 30
- Above the Line vs Below the Line
- Accelerated Depreciation
- Accounting Profit
- Accounting Profit vs Economic Profit
- Accrued Income
- Accumulated Depreciation
- Adjusted EBITDA
- Administrative Expenses
- Advertising Budget
- Amortization of Intangible Assets
- Ancillary Revenue
- Annual Turnover
- Arm’s Length Transaction
- Average Total Cost Formula
- Bonus Depreciation
- Book Profit
- Bottom Line
- Business Expenses
- Capitalization vs Expensing | Top Differences| Examples
- Completed Contract Method
- Consequential Loss
- Contract Costing
- Contribution Margin Income Statement
- Contribution Margin vs Gross Margin
- Corporate Profit
- Corporate Tax
- Cost Basis
- Cost of Goods Available for Sale
- Cost of Goods Manufactured (COGM)
- Cost of Goods Manufactured Formula
- Cost of Goods Sold (COGS)
- Cost of Goods Sold Examples
- Cost of Goods Sold Formula
- Cost of Revenue
- Cost of Sales
- Cost Recovery Method
- Cost vs Expense
- Cost, Insurance and Freight (CIF)
- Cost-Plus Contract
- Creative Accounting
- Credit Sales
- Declining Balance Method of Depreciation
- Depletion Expense
- Depreciation
- Depreciation for Cars
- Depreciation for Computers
- Depreciation for Rental Property
- Depreciation Formula
- Depreciation of Building
- Depreciation On Equipment
- Depreciation on Furniture
- Depreciation Rate
- Depreciation Tax Shield
- Depreciation vs Amortization
- Difference Between Price and Cost
- Difference Between Trade Discount and Cash Discount
- Direct Cost vs Indirect Cost
- Direct Costs
- Double Declining Balance Method
- Duty vs Tariff
- Earned Income
- Earnings
- EBIT (Earnings Before Interest and Tax)
- EBIT Calculation
- EBIT vs EBITDA | Top Differences | Examples | Calculation
- EBIT vs Net Income
- EBIT vs Operating Income
- EBITDA
- EBITDA Formula
- EBITDA vs Net Income
- EBITDA vs Operating Income
- Effective Tax Rate
- Expense
- Expense Report
- Expense vs Expenditure
- Explicit Cost
- Extraordinary Items
- Financing Costs
- Fixed Cost
- Fixed Cost vs Variable Cost
- FOB Destination (Free on Board)
- Franked Dividend
- Full Form of EPS
- Gain Formula
- Gross Earning
- Gross Income
- Gross Income Formula
- Gross Income vs Net Income
- Gross Profit
- Gross Profit Formula
- Gross Salary vs Net Salary
- Gross Sales
- Gross Sales Formula
- Gross Sales vs Net Sales
- Gross Wages
- Hard Cost vs Soft Cost
- Holding Cost
- Implicit Cost
- Incidental Expenses
- Income Statement
- Income Statement Basics
- Income Statement Examples
- Income Statement Formats
- Income Statement Formula
- Income Statement Template
- Income Statement vs Balance Sheet
- Income Summary
- Income Tax Accounting
- Income Tax Expense
- Incurred Cost
- Indirect Costs
- Indirect Expenses
- Installment Sale
- Insurance Expense
- Interest Expense
- Interest Expense Formula
- Interest Income
- Interest on Investments
- Interest vs Dividend | Top 9 Differences (with Infographics)
- Land Depreciation
- Lease Payment
- List of Operating Expenses
- LTM EBITDA
- MACRS Depreciation
- Margin vs Markup
- Margin vs Profit
- Marginal Cost Formula
- Marginal Costing vs Absorption Costing
- Markup Formula
- Multi Step Income Statement
- Net Credit Sales
- Net Income Formula
- Net Loss
- Net Operating Income
- Net Operating Loss
- Net Pay
- Net Proceeds
- Net Revenue
- Net Sales
- Net Sales Formula
- Non Cash Expense
- Non Operating Expenses
- Non Operating Income
- Non Recurring Items
- Non-Interest Income
- NOPAT
- NOPAT vs Net Income
- Operating Earnings
- Operating Expense (OPEX)
- Operating Expense Examples
- Operating Income
- Operating Income vs Net Income
- Operating Profit Formula
- Operating Profit vs Net Profit
- Operating Revenue
- Other Comprehensive Income
- Other Expenses
- Out of Pocket Expense
- Overhead Costs
- Partial Income Statement
- Pass Through Entity
- Percentage of Completion Method
- Pretax Income (Earnings Before Taxes)
- Prime Cost
- Pro Forma Income Statement
- Pro-Forma Earnings
- Profit After Tax (PAT)
- Profit and Loss Accounting
- Profit and Loss Statement Examples
- Profit And Loss Statement Format
- Profit and Loss Statement Template
- Profit Before Tax (PBT)
- Profit vs Income
- Purpose of Income Statement
- Recurring Revenue
- Residual Income
- Restructuring Cost
- Revenue
- Revenue Deficit
- Revenue Streams
- Revenue vs Earnings
- Revenue vs Income
- Revenue vs Net Income
- Revenue vs Profit
- Revenue vs Sales
- Revenue vs Turnover
- Sales Revenue
- Selling Expenses
- Severance Pay
- SG&A Expenses (Selling, General & Administrative)
- Single Step Income Statement
- Statement of Comprehensive Income
- Statement of Operations
- Stock Based Compensation
- Straight Line Depreciation Method
- Sum of Years Digits Method of Depreciation
- Sundry Expenses
- Tax Loss Carry Forward
- Tax Loss Harvesting
- Tax Shield
- Tax Shield Formula
- Top Line
- Trade Discount
- Turnover vs Profit
- Unearned Income
- Unit of Production Depreciation
- Unrealized Gains (Losses)
- Utilities Expenses
- Variable Costing Income Statement
- Variance Analysis
- Warranty Expense
- Workers Compensation
- Written Down Value Method
- Zero Depreciation Policy
