Understanding the Income Statement: Part 1 - Video

This video by Arif Irfanullah provides a overview of the Income Statement as a part of the CFA Level 1 syllabus.

This video discusses:

• Overview of Income Statement
• Components of Income Statement
• Presentation of Income Statement
• Revenue Recognition
  • Long term contracts
  • Installment sales
  • Barter transactions
  • Gross vs net reporting