Understanding the Income Statement von Clint Locke

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Über den Vortrag

Der Vortrag „Understanding the Income Statement“ von Clint Locke ist Bestandteil des Kurses „Financial Accounting: Understanding the Big Picture“. Der Vortrag ist dabei in folgende Kapitel unterteilt:

  • Introduction
  • Income Statement
  • Operating Expenses
  • General & Administrative Expenses

Quiz zum Vortrag

  1. The income statement always gets zeroed out at the end of a year.
  2. The income statement shows us the profitability of a business.
  3. The income statement always gets zeroed out at the beginning of a year.
  4. The income statement tells us how much income you earned in a 1-month period.
  5. The income statement never gets zeroed out at the end of a year.
  1. Selling expenses
  2. Commissions
  3. Taxes
  4. Other income

Dozent des Vortrages Understanding the Income Statement

 Clint Locke

Clint Locke

Clint Locke, JD, CPA (inactive), is a practicing tax attorney with over 10 years of accounting and legal experience.

He began his career as an auditor with Ernst & Young, LLP, one of “Big Four” public accounting firms. His experience as an auditor at Ernst & Young exposed him to thousands of financial documents and transactions in various industries.

He worked with numerous partners, CFOs and CEOs to issue financial statements in accordance with GAAP. After several years with Ernst & Young, Clint went to work with Cain, Watters, and Associates, as an associate financial planner. He was responsible for investment planning, tax planning and bookkeeping functions associated with small business clients.

He also worked with estate planning attorneys, contract attorneys and pension attorneys to achieve strategic solutions for wealth preservation. While working for Cain Watters, Clint got the law school bug.

After law school, he took a job with the IRS Office of Chief Counsel. As a tax attorney, Clint is constantly reviewing financial information, researching the legal aspects of accounting and tax, and litigating in U.S. Tax Court. Clint’s accounting knowledge combined with his legal expertise enables him to analyze and communicate accounting information in a way that everyone can understand.

Clint earned his BBA in Accounting from Freed-Hardeman University. He received his Juris Doctorate with cum laude honors from The University of Alabama School of Law. He is a member of the Texas State Board of Public Accountancy, Alabama State Board of Public Accountancy, Alabama State Bar, and is admitted to practice before the U.S. Tax Court.


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