Balance Sheet vs. Income Statement скачать в хорошем качестве

Balance Sheet vs. Income Statement

The Balance Sheet shows a snapshot of a company's assets, liabilities, and stockholders' equity accounts as of a specific point in time, whereas the Income Statement shows the company's revenues and expenses (and hence, profit or loss) for a specific period of time. The revenues and expenses on the Income Statement are only tracked for a specific period, and must be zeroed out (and transferred to the Balance Sheet account Retained Earnings) at the end of the period. Thus, the profit or loss from the Income Statement ultimately affects the Retained Earnings on the Balance Sheet. Investors use the Income Statement to evaluate a company's performance over a specific period, whereas the Balance Sheet is more used to evaluate the company's liquidity (particularly if the company is at risk for bankruptcy).— Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world. — SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING • A 44-PAGE GUIDE TO U.S. TAXATION • A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS • MANY MORE FREE PDF GUIDES AND SPREADSHEETS http://eepurl.com/dIaa5z — SUPPORT EDSPIRA ON PATREON *  / prof_mclaughlin   — GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT https://edspira.thinkific.com — LISTEN TO THE SCHEME PODCAST Apple Podcasts: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/4WaNTqV... Website: https://www.edspira.com/podcast-2/ — GET TAX TIPS ON TIKTOK   / prof_mclaughlin   — ACCESS INDEX OF VIDEOS https://www.edspira.com/index — CONNECT WITH EDSPIRA Facebook:   / edspira   Instagram:   / edspiradotcom   LinkedIn:   / edspira   — CONNECT WITH MICHAEL Twitter:   / prof_mclaughlin   LinkedIn:   / prof-michael-mclaughlin   — ABOUT EDSPIRA AND ITS CREATOR https://www.edspira.com/about/ https://michaelmclaughlin.com