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\nUnderstanding the Statement of Comprehensive Income\n

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\nThis video provides a detailed explanation of the Statement of Comprehensive Income, which is a key financial account used by businesses to show the cash flow situation of a company. The speaker explains the different tiers of the...\nThis video provides a detailed explanation of the Statement of Comprehensive Income, which is a key financial account used by businesses to show the cash flow situation of a company. The speaker explains the different tiers of the statement, including gross profit, operating profit, profit for the year, and profit after tax. The video also highlights the importance of profitability for businesses and the interest of various stakeholders, such as shareholders, competitors, governments, suppliers, future investors, and customers. The speaker applies this knowledge to a real-life example and suggests ways for a business to turn a loss into a profit.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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12:49
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Grade
Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nKnowMo Business\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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Concepts

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business, income, profit, expenses, interest, revenue, terms
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Additional Tags

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a-level, edexcel, only, statement, of, comprehensive, comprehensive income, financial account, trading year, performance levels, tax liabilities, gross profit, operating profit, net profit, financing costs, performance, year, firm, banana, bank, costs, company, important, product, service, information, businesses, market, overheads
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Classroom Considerations

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Best For: Explaining a topic
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