This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. In financial accounting — one of the most common types ...

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) ...

A manufacturing company makes physical products from parts and materials. The income statement is one of the most important financial statements this type of firm prepares. This statement comes in ...

A company's income statement shows the revenues, expenses and profits or losses for an accounting period. The two income statement formats are single-step and multi-step. Companies that sell tangible ...