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