This is the final part of the profit and loss account. If the net profit figure is negative, the business has made a loss.

Also referred to as a profit and loss statement. By combining these elements, the income statement illustrates just how much income your company makes or loses during the year by subtracting cost ...

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, ...

The cash flow statement is linked to the income statement by net profit or net loss, which is usually the first line item of a cash flow statement, used to calculate cash flow from operations.

What about 5 years forward? How much cash will our customers owe us? We've looked at how to prepare proforma profit and loss (income) statements and how to generate cash flow forecasts from these.

Financial statements ... profit. This is the amount of profit earned during the normal course of operations. It is computed by subtracting the operating expenses from the gross profit. Other ...

Working from the top line items in the income statement, cost of goods sold is subtracted from revenue, and the difference is gross profit. All operating costs subtracted from gross profit lead to ...