Ads
related to: sample financial income statement format- Invoices Made To Be Paid
Get Your Money 2x Faster
Than With Paper Invoices.
- QuickBooks® Money
Get Paid, Manage Money, Cash Flow
Insights. No Subscription. No Fees.
- Free QuickBooks® Setup
Start Off Right With Help
Setting Up By A QuickBooks Expert.
- QuickBooks® Mid-Market
Customizable Solutions To Help Mid-
Sized Businesses Grow. Learn More.
- QuickBooks® Payroll
Take Care Of Accounting & Payroll
From A Single Platform. Try Free!
- QuickBooks® Enterprise
Sell More. Hire More. Grow More.
Manage More With Enterprise.
- Invoices Made To Be Paid
Search results
Results From The WOW.Com Content Network
Sankey Diagram - Income Statement (by Adrián Chiogna) An income statement or profit and loss account [1] (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) [2] is one of the financial statements of a company and ...
Example statement of income (figures in thousands) [1] Revenue Sales revenue $20,438 Cost of goods sold: $7,943 Gross profit $12,495 Operating expenses Selling, general and administrative expenses $8,172 Depreciation and amortization: $960 Other expenses $138 Total operating expenses $9,270 Operating profit $3,225 Non-operating income $130
Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand. They typically include four basic financial statements accompanied by a management ...
Example income statement Revenue $20,000 Cost of goods sold-$8,000 Gross Profit $12,000 Selling, general and administrative expenses -$7,000 Earnings before interest, taxes, depreciation and amortisation (EBITDA) $5,000 Depreciation and amortisation-$1,500 Earnings before interest and taxes (EBIT) or Operating income $3,500 Interest expenses -$300
The financial statements are usually compiled in compliance with IFRS and/or the domestic GAAP, as well as domestic legislation (e.g. the SOX in the U.S.). In the United States , a more-detailed version of the report, called a Form 10-K , is submitted to the U.S. Securities and Exchange Commission . [ 2 ]
The income and retained earnings of the accounting equation is also an essential component in computing, understanding, and analyzing a firm's income statement. This statement reflects profits and losses that are themselves determined by the calculations that make up the basic accounting equation.
Ad
related to: sample financial income statement format