Income Statement

Business / Taxes / 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.

Other Words for Income

Income Adjective Synonyms: return, revenue(s), receipts, proceeds, profit(s), gain(s), takings
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Other Words for Statement

Statement Adjective Synonyms: assertion, allegation, declaration, expression, report, account, affirmation, asseveration, averral, announcement, annunciation, proclamation, utterance, communication, disclosure
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Primary Financial Statements

Business / Accounting / Primary Financial Statements: The balance sheet, income statement, and statement of cash flows, used by external groups to assess a company's economic standing. MORE

Horizontal Analysis Of Financial Statements

Business / Accounting / Horizontal Analysis Of Financial Statements: A technique for analyzing the percentage change in individual income statement or balance sheet items from one year to the next. MORE

Pro Forma Statement

Business / Finance / Pro Forma Statement: A financial statement showing the forecast or projected operating results and balance sheet, as in pro forma income statements, balance sheets, and statements of cash flows. MORE

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