Also referred to as a profit and loss statement. By combining these elements, the income statement illustrates just how much income your company makes or loses during the year by subtracting cost ...

You can spot creative accounting practices on a company's balance sheet by analyzing its assets, liabilities, and equity. Overstating assets and/or understating liabilities leads to increased net ...

When I hold exploratory meetings with clients, I typically ask about various items on the profit and loss (P&L) — also called ...

There are a few items that aren't included ... activities section of the cash flow statement. The indirect cash flow method starts with the business' net income and makes a series of adjustments.

In a company’s income statement, revenue represents the top line figure for the amount of money generated from the sale of goods and services. From there, most of the items listed on the income ...