The primary financial statements of for-profit businesses include the balance sheet, income statement, statement of cash flow, and statement of changes in equity. Nonprofit entities use a similar ...

Can an accountant do a profit and loss statement? A certified income statement requires the services of a certified public accountant. Financial statements are certified by a CPA who examines them, ...

You can find a company's net income on its income statement to assess the health of a business. Net income is also used to calculate earnings per share for investors. One of the most important ...

Examples of income recorded on this statement include your salary, interest, dividends, pension, and any business income received. Examples of recurring monthly expenses would be mortgage ...

Corporations and small businesses have a broad range of expenses that reduce taxable profits. An expense write-off increases expenses on an income statement, lowering profit and taxable income.

The income statement is a financial document that demonstrates the financial performance of a business based on its income and how this has changed over a period of time, usually 12 months.