How To Find Mistakes In The Income Statement

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In this video I show you how to analyze the income statement based on my experience as an auditor and what the common areas of accounting errors or misstatements.
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All views expressed on my channel are mine alone. Not intended as financial or professional advice.

[tarunnegi]

I am an accounting professional, trust me the way you explained things in your video its just awesome.. it started seem like a cake walk lol.

[FundamentalEconomics]

Dear Sir, You are still simply the best teacher on finance over the internet. I wish i were a student of yours.

[BGB]

I was concerned I may be getting into the wrong feild but I had so much fun watching this video and seeing the company's DNA sequencing. I think I made the right choice

[elizabethrosa]

Bill, I literally did a happy dance while watching this T12 video! Your teaching is incredibly helpful & reignites my love for accounting. Thank you!

[genxiao]

Wow! This is amazing! I never saw videos that explain real cases like this! This is closer to the real cases in jobs!

[stevenkelly]

Awesome video! Thank you. The one thing that caught my attention here was your comments about delivery in. I always thought if delivery IN or freight in wasn't close to or equal to zero, it was an error that usually indicated an issue with landed cost allocation but maybe that's just our business model. We try to avoid running delivery in through the P&L. Should just be relieved through COGS and part of the inventory valuation.

[romeshkirpalani]

Oh lovely, a financial controller....direct experience sharing....I subscribed right away....so excited....🙂

[RajKumar-oedi]

This is a really very good analysis of an Income statement of a company, and this is how we can identify potential fallouts.

[joydaniels]

You're the best on the internet space. When I first found you, I tried watching other channels for comparison. I told myself that if you're this good, then there must be other better people. My finding is that, nobody comes close even by a million miles. You're simply the best, brilliant, concise, and not boring to watch or listen to. This is more than an appreciation of your work, it's a FACT that must be taken to the bank.

[SHINeeKeyofLucifer]

Thanks! This is really valuable stuff. Would love to see more like this

[ReneeReneeReneeRose]

Great video! I'm interviewing for a Jr financial analyst role for a not for profit healthcare company. Part of my interview is do be able to read the P&L, any tips or advice on P&L mistakes I should recognize? I've been looking at examples but nothing jumps out at me other than revenue is greater than expenses

[BaoTran-huhx]

Hey Bill, thanks for the video. It is very useful. I would like to understand more throughly about the EBITDA as well as the cash flow techniques based on EBITDA. Would appreciate if you can make a video about it.

Also, I am now loving in the EU. I’ve been evaluating several professional qualifications for accounting to pursue such as ACCA, CIMA, etc. For CPA, it is more of the US and not really relevant to the EU. Maybe you can talk about the differences/pros/cons of these qualifications? Thanks!

[Sanjab]

U rock i enjoy every video..it's a music to all finance analyse lovers ears !👌👏👏👏

[kramishcool]

A very useful video.
Appreciated if you put more videos like based on possible misstatement identification

[AliAli-zlez]

Lot of thanks, à see that the presentation is for à cash flow more than a Balance statement

[yadiravillanueva]

Thanks for sharing your knowledge.I am learning a lot. God bless you

[giorgilobjanidze]

Brilliant video. Like other ones. Many thanks

[tanmaytikle]

Your explanation is so crisp and to the point

[ramreddyi]

Super sir, I got the knowledge about income statment

[oyebolaakinyemiaca]

Thanks for a well elucidated lecture. Pls can you share the excel file on this and income statement for beginners