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  2. Income statement - Wikipedia

    en.wikipedia.org/wiki/Income_statement

    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 ...

  3. Financial statement - Wikipedia

    en.wikipedia.org/wiki/Financial_statement

    A cash flow statement reports on a company's cash flow activities, particularly its operating, investing and financing activities over a stated period. Notably, a balance sheet represents a snapshot in time, whereas the income statement, the statement of changes in equity, and the cash flow statement each represent activities over an accounting ...

  4. Financial accounting - Wikipedia

    en.wikipedia.org/wiki/Financial_accounting

    All the figures in the trial balance are rearranged to prepare a profit & loss statement and balance sheet. Accounting standards determine the format for these accounts ( SSAP , FRS, IFRS ). Financial statements display the income and expenditure for the company and a summary of the assets, liabilities, and shareholders' or owners' equity of ...

  5. Chart of accounts - Wikipedia

    en.wikipedia.org/wiki/Chart_of_accounts

    A chart of accounts compatible with IFRS and US GAAP includes balance sheet (assets, liabilities and equity) and the profit and loss (revenue, expenses, gains and losses) classifications. If used by a consolidated or combined entity, it also includes separate classifications for intercompany transactions and balances.

  6. Net income - Wikipedia

    en.wikipedia.org/wiki/Net_income

    Net profit on a P & L (profit and loss) account: Sales revenue = price (of product) × quantity sold; Gross profit = sales revenue − cost of sales and other direct costs; Operating profit = gross profit − overheads and other indirect costs; EBIT (earnings before interest and taxes) = operating profit + interest income + other non-operating ...

  7. Profit and Loss - Wikipedia

    en.wikipedia.org/wiki/Profit_and_Loss...

    Profit and Loss or profit and loss may refer to: Profit and loss statement, a statement that indicates how net revenue is transformed into net income;

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