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 for the Year January 1, , through December 31, , or Fiscal Year Beginning 2020

Ny it 203 Instructions 2020-2025 Form

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hello everyone it's chapter three and we are going to get into the nitty-gritty of financial statements what do they communicate how are they set up all right so we're gonna we want to really understand how what what goes on each financial statement what they should look like there is no absolute way to say that this is how every financial statement will look you have to we're going to look at some general ideas because each company has different something to communicate and there's enough flexibility in accounting to leach each left let each company kind of customize what they feel like they need to while following the general rules so jumping in first and we're going to do this in an order that i want you to remember this is the order that you if you were an accountant you would be producing these financial statements or working on them so the first one is income statement also called the statement of operations that tends to be the new uh more

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