Income statement, Financial Management

Income Statement

A formal statement of the parts used in determining an organization net income that is called profit and loss statement. The several categories reported in an income statement are those: sales, gross margin, and income from operations, income before tax, income before extraordinary items, income from continuing operations, or cumulative effect and net income.

Posted Date: 10/17/2012 3:00:48 AM | Location : United States







Related Discussions:- Income statement, Assignment Help, Ask Question on Income statement, Get Answer, Expert's Help, Income statement Discussions

Write discussion on Income statement
Your posts are moderated
Related Questions
Ratios A great number of ratios might be appropriate for this purpose depending on the specific kind of financial performance which is being compared. Amongst those appropriate

what is the applicability of the operating cycle in a vegetaion farm in Uganda

Determine the objectives of Profit maximisation Profit maximisation remains one of the key objectives for the managers of the companysince many managers' compensations are lin

What is the Hirfindahl-Hirschman Index? A: The Hirfindahl-Hirschman Index, or HHI, is the standard measure employed by economists to evaluate market concentration. The greater

Implementing Systems Effectively: Much of the accounting process has been taken over by office automation systems. Whereas once the vast majority of bookkeeping and reporting t

Marshall-Edgeworth Method Marshall-Edgeworth method uses both the current year as well as the base year prices and quantities. Marshall-Edgeworth Index can be computed using th

What is capital rationing? Should a firm practice capital rationing? Why? Capital rationing is the practice of putting dollar limits on what will be invested in new capital bud

Q. What do you mean by a Hedge Fund? A Hedge Fund is a fund established by one or else several partners with net worth of at least $1 million (although this maybe falling). It

After estimating the cash flows, the next step is to determine the appropriate interest rate that should be used to discount the cash flows. The minimum return re

A Ltd sells goods at Rs.10.P.U. Its variable cost Rs.7.P.U and fixed cost amount to Rs.1,70,000 it finances all its assets by equity funds. It pays 40% tax on its income. Z Ltd is