income statement


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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.

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.

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.

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.

income statement

see PROFIT-AND-LOSS ACCOUNT.

income statement

See financial statement.

References in periodicals archive ?
If the budget was prepared with the correct tax information, the error would pop out on the comparative income statement.
The income statement in the chart "European Operations P&L Translated Into Dollars" is not appropriate for performance measurement because it is not sufficient for reaching meaningful operating conclusions and, as a result, could lead to poor decisions with unfavorable consequences.
The Contribution Margin Income Statement that we've created goes into a great deal of detail, but you don't have to make this statement so comprehensive.
Example 1--Net income (loss) per income statement of includible corporations: A U.
The next section of the paper discusses regulation as it affected income statement disclosure and develops hypotheses.
The instructions require only an amount in column (A) for income statement income (loss) from any equity method foreign corporation; the instructions also require that any dividends from equity method foreign corporations be reported in column (D) of lines 2 through 4.
As you can see, use of the contribution income statement and CVP analysis are powerful tools since they allow you to understand the interrelationships among cost, volume and profit.
The Statement of Cash Flows is prepared AFTER the Balance Sheet and Income Statement are finalized.
The income statement is simply a scorecard that summarizes the revenues and expenses of an organization for a specific period of time.
First, the income statement is affected by the amount of the impairment loss.
It makes sense from a Wall Street perspective, since there are techniques for dealing with dot-com investments that may increase the traditional enterprise's earnings by shifting the e-commerce development expense, at least in part, into the dot-com investment and removing it from the traditional enterprise's income statement.