Accounting Real Life Tasks - Income Statement For Beginners and Intermediate

In this video I walk you through the Income Statement for Spa Booker (a made up business) an online marketplace. My goal is to explain to you: What goes into each section of the statement The mechanism by which each item gets recorded What adjustments needs to made to finalize the numbers And what Accounting standards apply to each line Watch my Balance Sheet Explainer Video: https://youtu.be/DMv9JC_K37Y ------------------------------------------------------------- Connect with me on Patreon (& download all the templates in my videos): https://www.patreon.com/TheFinController ------------------------------------------------------------- Get 30% off my Online Course on “Learn how to design and build KPIs and Financial Metrics for 2 example businesses” https://thefincontroller.com/p/learn-financial-metrics-kpis?coupon_code=LEARNKPIS30 🔥Enroll in my online course “Night Before the Accounting Interview Guide” including All Levels Q&A🔥: https://thefincontroller.com/p/the-night-before-your-accounting-interview-course-for-all-levels 📈Get My “Controller KPI Dashboard” (Excel + Course) with the most important P&L and Balance Sheet KPIs: ​https://thefincontroller.com/p/controller-kpi-dashboard-one-kpi-dashboard-to-run-a-business​ --------------------------------------------------------------------- Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller 🙋🏼‍♂️https://www.facebook.com/groups/780732429036886/?source_id=101273467885666 DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! All views expressed on my channel are mine alone. Not intended as financial or professional advice