Discover the basics of account statements, including definitions, uses, features, and examples, to manage finances ...

Discover how gross profit and operating income differ and why both are crucial in assessing a company’s financial health. Get ...

The cash flow statement is unique in the fact that it spotlights only the actual cash transactions that the company has recorded, unlike most of the financial statements that follow the accrual ...

A company's income statement shows how much money it brought in as revenue or sales, how much it spent on expenses, and how much profit or loss -- also called net income -- was generated for a given ...

Every business has cash going in and going out. This is cash flow. A cash flow statement accounts for the cash moving in and out of the company. It reflects the cash impacts of revenues, expenses, ...