statement of operations
USA
income statement, Also known as a profit and loss statement or a statement of operations.
A financial statement for companies that indicates how revenue (money received from the sale of products and services before expenses are taken out) is transformed into net income (the result after accounting for all revenues and expenses). The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • income statement (statement of operations) — A statement showing the revenues, expenses, and income (the difference between revenues and expenses) of a corporation over some period of time. Bloomberg Financial Dictionary …   Financial and business terms

  • Statement of retained earnings — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • Statement of cash flows — A financial statement showing a firm s cash receipts and cash payments during a specified period. The New York Times Financial Glossary * * *    A financial account that shows the cash flows generated by a company s operations, investments and… …   Financial and business terms

  • statement of cash flows — A financial statement showing a firm s cash receipts and cash payments during a specified period. Bloomberg Financial Dictionary * * *    A financial account that shows the cash flows generated by a company s operations, investments and financing …   Financial and business terms

  • Statement of Gen. H. Norman Schwarzkopf — May 11, 1993Statement of Gen. H. Norman Schwarzkopf, USA (Ret.)(112) service Whether we like it or not, in my years of militaryI have experienced the fact that the introductionof an open homosexual into a small unit immediatelypolarizes that unit …   Wikipedia

  • Statement of Additional Information - SAI — A supplementary document to a mutual fund s prospectus that contains additional information about the fund and includes further disclosure regarding its operations. Also, known as Part B of the fund s registration statement. Information contained …   Investment dictionary

  • Statement of Additional Information — ( SAI) A document provided as a supplement to a mutual fund prospectus. It provides more detailed information about fund policies, operations, and risks. Also known as a Part B prospectus. Bloomberg Financial Dictionary …   Financial and business terms

  • Income statement — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • income statement — n. A statement of financial gains and losses over a twelve month period; also called earnings report, operating statement, profit and loss statement. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney… …   Law dictionary

  • profit and loss statement — index ledger Burton s Legal Thesaurus. William C. Burton. 2006 profit and loss statement …   Law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.