The income statement reflects a company's net income. Net income is figured by subtracting expenses from revenue, but practices such as deferring revenue can affect how income is figured.
- Type of Content: Tutorial
- Title: The Income Statement
- Publisher: SAGE Publications, Ltd.
- Publication year: 2016
- Online pub date:
- Discipline: Business & Management
- Subject: Accounting (general), Financial Accounting
- Duration: 00:27:19
- Keywords: accounting (finance), accounts payable and receivable, accrual based accounting, administrative costs, assets, balance sheets, cash basis of accounting, cash flow, commissions and payoffs, cost accounting, cost allocation, costs and cost analysis, depreciation of property, economists, financial statement, financial statement analysis, gain-loss framing, income, income statement, liability, loss, matching (statistics), net monetary benefit, operating costs, pricing, profit, recognition, reliability and internal consistency, research and development, return on assets, revenue management, revenue: current versus deferred, taxes, time factors
Apple, Inc., 1976-Online ISBN:9781473981362Copyright: (c) SAGE Publications Ltd., 2016