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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 ...
Statement of financial performance (income statement, profit & loss (p&l) statement, or statement of operations) [ edit ] The statement of profit or income statement represents the changes in value of a company's accounts over a set period (most commonly one fiscal year ), and may compare the changes to changes in the same accounts over the ...
Here is how to read deeper into a profit and loss statement. In the 2017 annual statement, Apple reported revenue of $229 billion and that revenue cost $141 billion, leaving the company a gross ...
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.
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This statement reflects profits and losses that are themselves determined by the calculations that make up the basic accounting equation. In other words, this equation allows businesses to determine revenue as well as prepare a statement of retained earnings. This then allows them to predict future profit trends and adjust business practices ...
the income statement, also known as the statement of financial results, profit and loss account, or P&L; the balance sheet, also known as the statement of financial position; the cash flow statement; the statement of changes in equity, also known as the statement of total recognised gains and losses
Financial statement analysis (or just financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions to earn income in future. These statements include the income statement , balance sheet , statement of cash flows , notes to accounts and a statement of changes in equity (if ...