Staying Connected After SpiceWorld: In-person & Online
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Speaker: Nic Tolstoshev, Community Manager, Spiceworks Location: Great Halls 2 | 13:15 - 13:45 You came. You learned. You met a bunch of brilliant SpiceHeads. Wish you could take the camaraderie, new ideas, and recommendations that you got at SpiceWorld back home with you? Fret not! As a Spiceworks user, you have a backup team of over 2 million IT pros and vendor reps in the Spiceworks Community to help you through your toughest IT dilemmas. Plus, with 100+ local Spiceworks user groups (aka SpiceCorps) around the world – you can rub elbows with other IT pros, talk shop and discuss the latest tech trends… right in your backyard! Come hear how you can tap the Spiceworks Community on and offline so that you’ll never have to go IT alone again!
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Income statement definition
An income statement is a financial statement that reports a company's financial performance over a specific accounting period. It is one of the three important financial statements used for reporting a company’s financial performance, the other two being the balance sheet and the cash flow statement. The income statement focuses on the revenue, and expenses reported by a company during a particular period. It provides valuable insights into a company’s operations, the efficiency of its management, underperforming sectors, and its performance relative to industry peers.
The income statement is also known as the profit and loss (P&L) statement or the statement of revenue and expense. It starts with the details of sales and then works down to compute net income and eventually earnings per share (EPS). The income statement does not differentiate between cash and non-cash receipts (sales in cash vs. sales on credit) or cash vs. non-cash payments/disbursements (purchases in cash vs. purchases on credit).
Key income statement items
Revenue is the total amount of money a company earns from its operations, usually from the sale of goods or services. For example, a car manufacturer’s revenue would be the total amount of money it earns from selling cars.
Cost of Goods Sold (COGS) represents the direct costs associated with producing or delivering the goods or services sold by a company. In the auto industry, COGS would include the cost of raw materials, labor, and other expenses directly related to manufacturing vehicles.
Gross Profit is calculated by subtracting the COGS from the revenue.
Selling, General, and Administrative (SG&A) expenses represents the costs associated with a company's non-production activities, such as sales, marketing, and administrative functions. In the auto industry, SG&A expenses would include salaries of sales personnel, advertising expenses, rent for office spaces, and other costs related to running the business.
Depreciation & Amortization: Depreciation refers to the systematic allocation of the cost of a tangible asset over its useful life. Amortization, on the other hand, is the process of spreading out the cost of an intangible asset over its useful life. In the auto industry, depreciation and amortization expenses would include the depreciation of manufacturing equipment, vehicles, and amortization of patents or trademarks.
Interest Expenses represents the costs associated with borrowing money or using credit facilities. Interest expenses are incurred when a company has outstanding debt or loans. In the auto industry, interest expenses would include interest paid on loans used to finance manufacturing facilities or purchase equipment.
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Staying Connected After SpiceWorld: In-person & Online
- 1. Staying Connected After SpiceWorld: In-person & Online By Nic “the fro” Tolstoshev
- 7. “We are looking for 10 brave souls to test out this new capability” Idea
- 8. Improve
- 9. “Sorry but I have been quite disappointed so far”
- 10. “You are speaking and we are listening. Let’s see what we can do!”
- 12. “I have been lucky enough to have been given direct contact to senior staff and engineers”
- 14. Marketing
- 16. “Spiceworks is where my company and I need to be more than any other platform.”
- 17. “It's not about marketing to you guys and shoving our products down your throat, its about being a part of a community and making sure we connect with you on a 1x1 level”
- 18. “[SpiceHeads are] willing to let me in on those conversations if I show my respect by not talking to them like data points on a magic quadrant.”
- 19. Sales
- 20. Culture
- 24. April Fools!
- 37. Next steps
Notes de l'éditeur
- Pause for questions, before the final reason why the Spiceworks community is a unique place for IT pros to belong
- Over 170 employees now
- Thank you to all the vendors & sponsors
- All of these folks are the top three pepper levels – if you see any of them or anyone who is Thai and above, please shake their hand and thank them for their contribution. Can all the Thai Pepper and above please stand up for a round of applause?The don’t just take care of spam and misplaced posts, they also help share the standards, build the community, and suggest new ways for the community to grow.