Master income statement analysis—discover its components, read financial health indicators, and make informed financial decisions. Your guide to assessing business performance.

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 ...

The balance sheet and income statement of a bank's financial statements contain unique characteristics that can help you decipher how banks make money.

The total dollar value of the goods and services your business sells only tells one side of its financial story. The more you spend on business expenses such as materials and payroll, the less you ...

An income statement is your business’s bottom line: your total revenue from sales minus all of your costs. Financial data is always at the back of the business plan, but that doesn’t mean it’s any ...

The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a ...

Inventory consists of the products you sell to customers. Receivables, or accounts receivable, are the outstanding balances you have yet to collect for sales made on credit. Although inventory and ...

Income statements detail revenue, expenses, and net income from top to bottom. Reading starts with revenue, deducts expenses, and ends with net income. Subtotal figures help identify missing account ...