Join Rudolph Rosenberg for an in-depth discussion in this video Revenue, part of Financial Literacy: Reading Financial Reports.
- [Voiceover] Now let's talk about revenue.…So revenue, or income, or sales are all the words…that describe the same thing.…When a company wins new business,…it goes through a set of actions…to fulfill the request of the customer…and it results with an obligation for the customer…to pay for the good or the services provided by the company.…Revenue can have different names,…such as turn over or top line.…That last name, top line,…comes from its position within the income statement.…As it is the first line of the income statement,…it's the top line.…
To understand what exactly revenue is,…it is important to understand the complete cycle of a sale.…The usual steps are an initial discussion…between the company and the customer.…The company issues a quote to the customer…with the price requested to render…the service or provide the good.…Negotiation between the customer and the company happens.…The final quote is sent to the customer.…The customer approves the quote.…The company sends an invoice to the customer.…The company ships goods or renders a service,…
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- What is a financial statement?
- Reading the balance sheet
- Understanding depreciation, liabilities, and equity
- Reading the income statement
- Understanding revenue, costs, profitability, and net income
- How cash flow works
- Analyzing financial documents with context<br><br>
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
Skill Level Appropriate for all
1. Financial Statements
2. The Balance Sheet
3. The Income Statement
4. The Cash Flow Statement
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