Session 2: The Income Statement

Published: 03 September 2020
on channel: Aswath Damodaran
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In this session, I look at the income statement, where accountants record transactions and report income. I start with a discussion of accrual accounting and how it permeates the income statement, and how accountants draw a contrast between cost of goods sold, other operating expenses and financing expense to derive different measures of income.
Slides: http://www.stern.nyu.edu/~adamodar/pd...
Post class test: http://www.stern.nyu.edu/~adamodar/pd...
Post class test solution: http://www.stern.nyu.edu/~adamodar/pd...


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