This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. In financial accounting — one of the most common types ...

Businesses regularly generate several major financial statements -- such as the income statement, cash-flow statement and the balance sheet -- to record and summarize financial activity. The income ...

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) ...

Depreciation spreads the cost of tangible assets over their useful life on income statements. Each year, $1,500 is recorded as a depreciation expense, reducing the asset's book value. Amortization and ...

A financial document generated monthly and/or annually that reports the earnings of a company by stating all relevant revenues (or gross income) and expenses in order to calculate net income. Also ...

Income statements reveal a company's revenues and expenses, aiding investment analysis. Key metrics like gross profit margin and EPS inform on company profitability and health. Analyzing changes in ...