income statement

(redirected from Statement of Financial Performance)
Also found in: Dictionary, Thesaurus.
Related to Statement of Financial Performance: Statement of cash flows

Income statement (statement of operations)

A statement showing the revenues, expenses, and income (the difference between revenues and expenses) of a corporation over some period of time.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Earnings Report

An annual report and other quarterly reports a publicly-traded company publishes giving information over a given period of time. The report contains information on the company's financial state, most notably statements on revenue, expenses, and earnings (which is the difference between the two). It is, in general, less detailed than a stockholder's report, but contains much of the same information. See also: Balance sheet.

Profit and Loss Statement

An annual report, and other quarterly reports, a publicly-traded company publishes giving information over a given period of time. The report contains information on the company's financial state, most notably statements on revenue, expenses, and earnings (which is the difference between the two). It is in general less detailed that a stockholder's report but contains much of the same information. A profit and loss statement goes by a number of other names, including income statement, earnings statement, earnings report, and operating statement. See also: Balance Sheet.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

income statement

A business financial statement that lists revenues, expenses, and net income throughout a given period. Because of the various methods used to record transactions, the dollar values shown on an income statement often can be misleading. Also called earnings report, earnings statement, operating statement, profit and loss statement. See also consolidated income statement.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Income statement.

An income statement, also called a profit and loss statement, shows the revenues from business operations, expenses of operating the business, and the resulting net profit or loss of a company over a specific period of time.

In assessing the overall financial condition of a company, you'll want to look at the income statement and the balance sheet together, as the income statement captures the company's operating performance and the balance sheet shows its net worth.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

income statement

see PROFIT-AND-LOSS ACCOUNT.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

income statement

See financial statement.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Finally several privileged observers seemed to be quite sceptical about the TUEL provisions for different reasons: LGs are expected to draw up a statement of financial performance and a balance sheet, without being compelled to introduce the double-entry bookkeeping; they are expected to adopt management control but the law does not require an accrual-based budget nor any year-end report to compare to the EMP and the cost accounting is not mandatory.
The location and amount of the gains and losses reported in the statement of financial performance (or when applicable the statement of financial position for example, gains and losses initially recognized in other comprehensive income [OCI]) on derivative instruments and related hedged items.
The disclosure shall identify the line item(s) in the statement of financial performance in which the gains and losses for these categories of derivative instruments are included.
(See Example 1 in the disclosures section of Appendix B of this Statement for an illustration of a nontabular presentation.) See Example 2 in the disclosures section of Appendix B of this Statement for an illustration of the disclosures about the gains and losses on derivative instruments reported in the statement of financial performance.
(2) The line items in the statement of financial performance in which trading activities gains and losses are included
For information on the location and amounts of derivative fair values in the statement of financial position and derivative gains and losses in the statement of financial performance, see the tabular information resented in Example 2 below.
Tabular Disclosure of (a) Fair Values of Derivative Instruments in a Statement of Financial Position and (b) the Effect of Derivative Instruments on the Statement of Financial Performance [See tables pages 122-123]

Full browser ?