You don’t need to be a CPA to understand your company’s financial health. You just need to know where to look. That starts with the income statement—also known as the profit and loss (P&L) ...

Income statements detail revenue, expenses, and net income from top to bottom. Reading starts with revenue, deducts expenses, and ends with net income. Subtotal figures help identify missing account ...

It's one of three primary financial statements. Focuses on income and expenses over a specific period. Aims to report a company's net income or earnings. Essential for assessing financial performance.

Understanding the Profit and Loss (P&L) statement is critical for business success. Differentiating between fixed costs and variable costs is essential. Businesses rarely sell a single product or ...

Find out what to include in a cash flow statement, as well as its limitations and how cash flow is calculated.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Discover how accruals affect company finances, with insights into the accrual accounting method, its applications, and ...