Financial Statements: List of Types and How to Read Them

Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.
Entrepreneur

Using Income Statements — These 6 Numbers Will Tell You If Your Business Is on Track

You don’t need to be a CPA to understand your company’s financial health. You just need to know where to look. That starts with the income statement—also known as the profit and loss (P&L) ...

Accounting for Cash Purchases on an Income Statement

Discover how cash purchases impact a company's income statement and where to find detailed records in financial reports.
Monitor

IFRS 18 reinvents income statement

IFRS 18 does not change the accounting rules for recognising revenue, valuing assets or measuring expenses. Instead, it changes the layout and discipline of financial reporting.