Accounting 101: The Income Statement

This video series is for those new to accounting or individuals who just want to know a little more about accounting basics. That is my target audience. In this video I explain the Income Statement and contrast it with another concept that is often confused with the Income Statement...Cash Flows. To make the concept more concrete, I compare business income and cash flow with that of an ordinary household; work completed, pay day, and paying bills. I also walk the viewer through an actual income statement explaining how it is organized and how information on the statement is related. Thank you for watching! Source: Warren, C.S. (2008). Survey of Accounting (Fourth Edition). Mason, OH: South-Western Cengage Learning. (I really like this book so check it out!) For my complete video library organized by playlist, please go to my video page here: http://www.youtube.com/user/BCFoltz/videos?flow=list&view=1&live_view=500&sort=dd