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Reading Financial Reports For Dummies, 4th Edition
book

Reading Financial Reports For Dummies, 4th Edition

by Lita Epstein
April 2022
Beginner content levelBeginner
384 pages
9h 56m
English
For Dummies
Content preview from Reading Financial Reports For Dummies, 4th Edition

Chapter 7

Using the Income Statement

IN THIS CHAPTER

check Getting acquainted with the income statement

check Considering different types of revenue

check Determining a company's expenses

check Analyzing a company's finances using profits and losses

check Figuring out earnings per share

Every businessperson needs to know how well their business has done over the past month, quarter, or year. Without that information, they have no idea where their business has come from and where it may go next. Even a small business that has no obligation to report to the public is sure to do income statements on at least a quarterly or (more likely) monthly basis to find out whether the business made a profit or took a loss.

Remember The income statement you see in public financial statements is likely very different from the one you see if you work for the company. The primary difference is the detail in certain line items.

In this chapter, ...

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Publisher Resources

ISBN: 9781119871361Purchase Link