4.05 Implement Accounting Procedures To Track Money Flow And To Determine Financial Status. Describe...

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4.05 Implement Accounting Procedures To Track Money Flow And To Determine Financial Status. Describe the nature of income statements

Transcript of 4.05 Implement Accounting Procedures To Track Money Flow And To Determine Financial Status. Describe...

Page 1: 4.05 Implement Accounting Procedures To Track Money Flow And To Determine Financial Status. Describe the nature of income statements.

4.05 Implement Accounting Procedures To Track Money Flow And To Determine Financial Status.

Describe the nature of income statements

Page 2: 4.05 Implement Accounting Procedures To Track Money Flow And To Determine Financial Status. Describe the nature of income statements.

Income Statement

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Profit-and-loss Statement

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Cost Of Goods Sold

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Gross Profit

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Operating Expenses

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Net Income

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Operating Earnings

Page 9: 4.05 Implement Accounting Procedures To Track Money Flow And To Determine Financial Status. Describe the nature of income statements.

Explain The Purpose Of An Income Statement

Page 10: 4.05 Implement Accounting Procedures To Track Money Flow And To Determine Financial Status. Describe the nature of income statements.

Identify Other Names By Which An Income Statement Is Known

Page 11: 4.05 Implement Accounting Procedures To Track Money Flow And To Determine Financial Status. Describe the nature of income statements.

Describe The Categories Of Components On An Income Statement.

Page 12: 4.05 Implement Accounting Procedures To Track Money Flow And To Determine Financial Status. Describe the nature of income statements.

Explain Why An Income Statement Is Cumulative

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Explain Ways That A Business Can Use Its Income Statement.