Income Statement Basics

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About the author:
"My mission is to put academic accounting & finance knowledge, through technology, in the hands of businesspeople & investors."

Axel Tracy has been educated in accounting and finance at two of Australia's leading universities: The University of Technology, Sydney (UTS) and The Australian National University.

He is one of the top students at his current university (UTS) and is a member of the invitation-only Golden Key International Honours Society. Axel's GPA for accounting and finance subjects is 3.64 out of 4.

From 2011 till recently he was employed by UTS to run PASS Sessions for the 2nd-year accounting subject Accounting Standards and Regulations. This involved teaching undergraduate accounting students in a subject that has a high failure rate (Axel scored a High Distinction in this particular subject). Accounting Standards and Regulations is a financial accounting subject that involves Australia's current implementation of the International Financial Reporting Standards.

Axel has also been employed by UTS to be a one-on-one tutor in the subject of Accounting for Business Combinations. This is another 2nd-year financial accounting subject involving the accounting treatment of corporate groups, joint-ventures and associates.

His passion for financial markets has led his self-directed study about the 'value investing' philosophy, an investment approach originating from the Columbia Business School in the 1920s. He has also studied trading tactics and systems, however his greatest investment success has come from the former value investing approach.

Axel is happy being a small business operator (and hopes to make this business big) and his first business was launched when he was 25 years old.

Axel currently lives in Sydney, Australia, but hopes to live in many cities in the years to come.

"A little later than many, I found the reason for coming into this world. It was to become an entrepreneur and spread the accounting and finance knowledge that I had learned since 2003.

I greatly enjoy teaching and helping others see the beauty of accounting and finance.

I love accounting and finance...and I want you to feel the same way too!

And if I can't get you to love them, then my eBooks want to help you take those initial steps in your knowledge journey, so you can be armed with techniques and tools that will set you above the pack."

Income Statement Basics

From Confusion to Comfort in Under 30 Pages

Authored by Axel Tracy
Edition: 1.0

Take the Leap and Learn How to Read & Understand the Income Statement.

In a concise and to-the-point Book:

* Understand the Key Financial Report, the Income Statement (Profit or Loss Statement).
* Begin to Use Financial Statements to Analyse Your Business or Investments.
* Turn All the Income Statements and Annual Reports Given to You into Valuable Sources of Insight for Action.

Income Statement Basics:

* Explains Common Accounting Jargon and Important Accounting Theory Within Financial Statements.
* Works Through a Real-Life Income Statement Step-by-Step.
* Is Only a Brief Read, Allowing You to Quickly Pick Up Basic Skills Without Overwhelming You With Too Much, Too Soon.

The Book is Aimed At Investors & Businesspeople Without an Accounting Background.

The Author:

* Has Passions in Teaching and Accounting.
* Has Years of Experience Teaching & Simplifying Complex Accounting Theory to Both Advanced and Standard Students.
* Offers Ongoing Support & Service Through the Business Behind the Publication.

The Income Statement is one of the three key Financial Statements produced by a Accountant or Bookkeeper from their Financial Accounting System. It is summarises the Performance of a business over a given time frame. If you can learn to navigate this document, feel comfortable with it's structure and what the individual summary represents, then you are armed with information about that particular business which, while possibly publicly disclosed, is often hidden from a majority of businesspeople and investors. With this type of insight you will make better decisions about how to manage your business or what investments to, or not to, make. Understanding financial statements is the most efficient method to get the complete picture of what is really going on inside a business. Take the leap and learn how to read & understand the income statement.

Buy Now & Begin Your Accounting & Finance Knowledge Journey for Improved Business & Investment Outcomes

Publication Date:
1500142360 / 9781500142360
Page Count:
Binding Type:
US Trade Paper
Trim Size:
6" x 9"
Black and White
Related Categories:
Business & Economics / Accounting / Financial

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