An Income Statement, also called a Profit and Loss Statement (P&L), is a financial statement for companies that indicates how Revenue (money received from the sale of products and services before expenses are taken out, also known as the "top line") is transformed into net income (the result after all revenues and expenses have been accounted for, also known as the "bottom line"). The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported
A financial statement of a business showing the details of revenues, costs, expenses, losses, and profits for a given period ― called also income account
Also known as the profit & loss statement or P&L, enables you to calculate your company's pretax profits by subtracting total expenses from total revenues
A financial statement that shows the amount of income earned by a business over a specific accounting period All costs (expenses) are subtracted from the gross revenues (sales) to determine net income, which outlines the profit-and-loss financial statement (P & L)
A financial statement that reports a company's business operations (i e , sales, expenditures and net profit) for a given period, usually one year Also called consolidated statement of income
official report of a company's or individual's income over a specific period of time
In accounting, the activity-oriented financial statement issued by businesses. Covering a specified time, such as three months or one year, the income statement is a summary of revenues and expenses. It also lists gains and losses from other transactions, such as the sale of assets or the repayment of debt. Standard accounting rules govern the procedures for recording each item
The financial history book, showing all Revenues, Direct Costs (Variable) and Indirect Costs (Fixed) incurred for the fiscal period (month, quarter, year)
A statement showing the revenues, expenses, and income (the difference between revenues and expenses) of a corporation over some period of time
a financial statement showing the sales for a particular period less the cost of goods sold and the resultant profit
(Ticaret) A basic financial statement that details sales revenue, cost of goods sold and selling/administrative expenses, income before and after taxes and the gain or loss from unusual events or discontinued operations. It usually represents activity for a quarterly or yearly basis, and is compared to the same previous from the previous year
Summary of the effect of REVENUES and expenses over a period of time See also: Financial Statements Topic areas: Fundraising and Financial Sustainability
measure of how well a business buys and sells its inventory/services to make a profit for a given period of time
Summarizes a company's revenues and expenses for a fiscal year It is one of four financial statements presented in the annual report, reflecting a company's operating performance by identifying the sources of income and the various costs and expenses, gains and losses, which result in a final net income figure
The financial statement that summarizes an MCO's revenue and expense activity during a specified period
One of the four basic financial statements, the Income Statement presents the results of operations of a business over a specified period of time, and is composed of Revenues, Expenses, and Net Income
Summary of the revenue (receipts or income) and expenses (costs) of a business over a period of time to determine its profit position The income statement is also referred to as a profit and loss statement, earnings statement or an operating statement
A financial statement that reports the results of a company's business operations (revenue and expenses) for a set period, usually one year Also called an earnings report, statement of earnings, statement of operations, and statement of profit and loss