Financial Accounting - Income Statement

[@Dukenukem111]

This man knows how to teach accounting, I learned more in 3 mins 56 seconds than I did in 3 45 minute lessons. THANK YOU SIR

[@FatiFati-qm5xs]

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[@romariohenry1025]

I been trying to understand this since the beginning of class 3 months ago. I have a finals exam in 4 days and I now get it. Thank god, this is not difficult , now its time to learn the balance sheet.

[@kulaart2587]

balance sheets are honestly vey hard :/

[@RIKO_JJ]

Balance sheet is easy

[@FatiFati-qm5xs]

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[@fighterforlife5284]

Just failed my first quiz lol. That’s why I’m here to correct that

[@arnoldbalobal524]

Awesome!👏
Income Statement or Statement of Comprehensive Income has two formats: single-step and multi-step. On above it's a single step which are listing down all revenues and listing down all expenses to get the net income, or in other words "revenues-expenses= net income. While multi-step that is from below. It has details or information of revenues and expenses rather than single-step. Thank you so much! On your video, I have lot of information that I have learned. ❤️🤗

[@kindalindaable]

Simple, Clear, and Coherent. YES! Thank you so much.
Love your videos. Will be sharing them.

[@FatiFati-qm5xs]

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[@happyoyemwenohenhen6253]

I have been out of school for about 9years now and i finally decided to further my education. Business management level 4 and it has been really difficult even though i just started. After watching this video and getting clear understanding of how it works is a big deal for me. Thanks alot for this video.

[@krismas9732]

You, GOD given angel, sir mattfisher when it comes to accounting. Thank you.

[@measuringtap3]

Thank you sir 1 hour before accounting final saving my life xD

[@PaskaRichard]

+measuringtap3 You are in a big trouble then if you just learn what the income statement is.

[@measuringtap3]

PaskaRichard mate I passed

[@MrWatchmen759]

+measuringtap3 im about to take it

[@yangchen4584]

hahahahahahhahahahhahaa good comeback bruh

[@shyhiemwilson2232]

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[@sebastianlidberg6162]

Your videos are great! i'm a girl from sweden who's studing an international program and my teacher is really not that good at explaining.. but your videos really help me with my course! thank you so much! You're a great teacher

[@FatiFati-qm5xs]

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[@IsJdog911]

Best explanation on all of TH-cam you were born to teach well done ;)

[@dumebiification]

I watch your videos from Abuja Nigeria, very helpful cos I don't ve accounting background . I work as a support staff in an audit firm. Thank u.

[@gazda9830]

Watching this 1 hour after my accounting final!! You saved my life!

[@FatiFati-qm5xs]

th-cam.com/video/iMOPubmEaqI/w-d-xo.html.

[@samitubehd8157]

You are a type of guy who is just usefull u saved me :) thanks captain

[@cyjerz1234]

thank you Kevin Spacey

[@elyazaaa]

You sir have saved my life. My accounting final is tomorrow and now I'm not as terrified.

[@emmanuelmwansa3890]

They should put your videos in all lecture classes,so defined and easy to understand,Thank you so much

[@thinkbigbrain]

Excellent presentation. Really clear and easy to understand. Would be excellent if you could do a session on Financial Institution accounting and how this is different.

[@siyadabdi5851]

This is awesome you simplified and made it easy for beginners ❤

[@RubyOrimba]

Thank you Mwalimu. This is golden.

[@JustWilliams]

Thanks, your explanation in these videos is so clear.

[@miriamvargas1712]

thank you so much ! you're great ! please do one on ratio of liabilities to owners equity !

[@accountingforbeginners9210]

Well done ,good explanation of the income statement

[@zainabgull8799]

Thankyou for teaching it so well , very kind of you.

[@shuneleiyeemon6881]

Thank you so much professor for this video !

[@biomebonum1802]

your videos are very helpful, oh my GOD what a good job. you are sharping the World. thanks allot. be blessed.

[@Highduuude]

Nice vid bro

[@faisalabdi3522]

Magic Explanation Really You are Great Teacher

[@SuperBlack1337]

thank you so much for your vids..... really helping me here down in Australia :)

[@Intothemarket101]

Thank you so much for this useful data! Greatly appreciated,

[@aqqeatoneno]

THANK YOU SOO MUCH ! YOU COULD NOT HAVE CLARIFIED THIS ANYMORE BETTER. ! THANK YOU A MILLION XS.. !!!! =)

[@PaulPeters-z1b]

You're doing a fantastic job! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (proof inner hobby bounce blouse able donate virtual luggage cart morning ticket). What's the best way to send them to Binance?

[@BlackPanther786]

Thanks very helpful basic to build a solid foundation.

[@chasengonzales85]

Great Video!! Super easy to understand.

[@adrianemedequillo5849]

My professor discuss this way too complicated. this video makes the income statement simple.

[@soliakt]

YOU ARE A HERO

[@thegoodthebadandtheugly7986]

great video! simple and clear. Thank you!

[@adrianal3269]

Helped me out! Thanks!

[@shahzeboy1609]

you should come and be my accounting teacher!!

[@key-shachristiaan3863]

i am so thankful thank you so much you helped me ...

[@peacegirlxx99]

ah you are a genius!! have a test tomorrow....

[@studentloanforgivenessfore7768]

Good informaton and easy to follow. Thanks

[@yusufabdallamohamedabtidon7519]

well explained and easily to understand thank you sir

[@madelaymiherrera]

your are the best.thank you

[@psychoctator2658]

Very helpful !! Thanksss

[@LyriKells]

thank you so much mr. this is much better example :)

[@queenb891]

awesome teacher. thank you thank you thank you.

[@issahaleem746]

thank u for this, it is much easier now.

[@petermayaya]

you teach sir, thank you

[@2CommaClub]

Quick question, when you say taxes do you mean taxes you pay on your profits or do you mean sales tax you have to pay when you sold the table? Thanks!

[@margarettuffour8082]

Finally, i understand

[@opandeokoth4827]

Thank you John Terry

[@anantaakansh]

Thanks 🙏🏼

[@CC-nd7oe]

Why is operating expense an asset? Why group it w revenue

[@Yosofyassen]

GOOD JOB

[@Accounts--Economics--Business]

Nice video

[@jorickaustria8866]

thank you sir.

[@chlemiselo4823]

please number your videos to show which lesson come before the other i just joined your channel.

[@MsUdy]

So if I bought a Biro of 1000 and sold it for 1,500. Is my cost of goods sold 500? Or it’s 1000. I understand my profit should be 500 though .

[@CalleMoney]

Thank you

[@saadmaqsood33]

i wish You were my teacher.

[@TheMightyMarlo]

good stuff. thanks

[@ahmadmujahid7518]

Whats the formula of cost of goods sold????

[@mattfisher64]

Beginning inventory plus inventory purchases minus ending inventory equals cost of goods sold

[@ahmadmujahid7518]

@@mattfisher64 ..thnksx

[@mattfisher64]

Purchases are net purchased which would include freight in and tariffs etc. All costs to get inventory to you

[@xydoublehelix2924]

cool thx, but my prolem is that i see many formats for the income statement, i am gonna watch vids and look at the book until i figure it out.

[@jamuukatjita7510]

good teacher just took me minutes to understand🤔🤔

[@sellahphyles1998]

Thanks sir

[@noeliaguillen5006]

Why does he say "we are not going to talk about the income statement" at the beginning?

[@Bilbus7]

He said "now"...

[@chance20m]

Good video, but presentation-wise make sure you don't stand directly in front of the information so much. Common mistake.

[@luisfonseca2008]

THANKS SIR

[@windowlightmedia]

are equipments considered an expense?

[@Fire-dk4pi]

Window Light Media yes

[@windowlightmedia]

thank you @@Fire-dk4pi

[@Fire-dk4pi]

Window Light Media I'm stuck with some big ass income statement homeworks

[@fatmaabdalla1]

thank You Sir

[@zamazintathu2389]

tysm

[@IknowIamafool]

Thanks Sir :)

[@worekalem.mekuriaw5811]

Good.class.thank.you

[@enajyram214]

Hi Sir, does GST Paid and GST Collected goes to Income Statement or Balance Sheet?

[@cyberslated9973]

I dont have sales on my question

[@zuzukadafi7372]

Show all operating expenses

[@dylanroberts3869]

thanks

[@violajasper8021]

i thought ill fail in accounting xam tommorw...but now i realized that i wont!!!! o.o

[@ishmaelsipho3156]

Were you kidding you cann't cram accounting girl, I know, talking from experience that stuff accounting was made by Satan himself IT'S EVIL EVIL.

[@violajasper8021]

-_- nvrmind

[@herborian]

Viola Jasper did you pass?

[@jarizminrivera5999]

Thank you!!! ;)

[@redbutterflyinspo4654]

A few hours before my final accounting exam

[@civilizedschool2254]

thank u sir

[@amitvishwakarma7957]

Wow

[@sauravmohammed5221]

I should not be cramming for my exam today but let's see how it goes...

[@FatiFati-qm5xs]

th-cam.com/video/iMOPubmEaqI/w-d-xo.html.

[@Kirat876]

All of us after watching this video:
OOOOHHHHHHHHH

[@someguyfromguam6521]

Go friars
!

[@mynameisnotgirl8184]

i can hardly hear it

[@BalveerSingh-vu6sc]

Aman chalia

[@kanhiyalalchandravanshi8617]

acha ha

[@nurayushi9817]

Pov:me from 2023💔
Thnx 🥺✨️

[@brownpanther7512]

i have my exam in 4HR

[@huskerfly9390]

Kevin Spacey ... lol
Midterm in 6 hours (it's 2 AM ... ) ... lol

[@zuzukadafi7372]

eg :

[@mohammed-et2eo]

Sounds not allowed

[@CalleMoney]

Thank you

[@shubhshankar3543]

Thanks

[@Luz-u2r]

Thank you