I have run tech and engineer heavy organizations, and I like to point out that the income statement is the derivative of the balance sheet, which helps get our heads around the more odd elements to revenues, even if not considered ordinary income. It also helps explain SBC, since you keep track of the capital account on the balance sheet. This is for wonks, of course.
100% - most folks have a hard time understanding the balance sheet so I wanted to focus on the P&L as that is the language everyone needs to understand at a minimum. I do have a balance sheet deep dive too for those wanting to go deeper!
I have run tech and engineer heavy organizations, and I like to point out that the income statement is the derivative of the balance sheet, which helps get our heads around the more odd elements to revenues, even if not considered ordinary income. It also helps explain SBC, since you keep track of the capital account on the balance sheet. This is for wonks, of course.
100% - most folks have a hard time understanding the balance sheet so I wanted to focus on the P&L as that is the language everyone needs to understand at a minimum. I do have a balance sheet deep dive too for those wanting to go deeper!