An inventory write down is an accounting process used to record the reduction of an inventory’s value, and is required when the inventory's| Corporate Finance Institute
Overheads are business costs that are related to the day-to-day running of the business. Unlike operating expenses, overheads cannot be| Corporate Finance Institute
Sales revenue is income received from sales of goods or services. In accounting, the terms “sales” and “revenue” are often used interchangeably.| Corporate Finance Institute
The Income Statement is one of a company's core financial statements that shows its profit and loss over a period of time.| Corporate Finance Institute
For over a decade prior to joining CFI, Jeff Schmidt taught financial modeling and valuation to thousands of students all over the world.| Corporate Finance Institute
Enroll in CFI’s Accounting Fundamentals course for expert guidance through the accounting process and building blocks of financial analysis.| Corporate Finance Institute
Cost of Goods Sold (COGS) measures the direct cost incurred in the production of any goods or services. It includes material cost, direct| Corporate Finance Institute
Explore CFI's full catalog of accounting courses and free resources aimed at beginners and finance professionals. Learn accounting online at your own pace.| Corporate Finance Institute