The Income Statement is a deceptively simple accounting document. To the untrained eye it simply reflects how much money was made or lost. But any business owner who wants to stay on top of their business finances needs to know how to mine the income statement for every bit of information.

In this presentation, qualified accountant and international speaker, Grant Vernon, shows you just what is in the income statement, why it is significant and how you can use the information to your advantage. In his witty, down to earth style Grant will take you through income and expenditure, what needs to go on the income statement and how to interpret the results. By the end of this presentation you will not only be able to read an income statement with understanding, but you will know how to draw up one for your own business.

• Understand revenue and expenses
• Find out about “top line” and “bottom line”
• Know where to account for depreciation
• Discover what the income statement reveals about the health of a business