A record of the financial performance of a company over a period of time. It records all the income generated by the business during the period and deducts all its expenses for the same period to arrive at net income, or the profit for the period. [Go to source

Part of the financial statements, the Income Statement looks at all revenue that a company receives from selling products or services and then subtracts the total cost of operating the company. The income statement shows how much money a company has lost or made during a certain period of time (net profit).

The financial statement that summarizes the amount or revenues earned and expenses incurred by a business over a period of time.

Also know as "profit and loss statement". Shows income and expenses and resulting profit or loss over a specified period of time.

The statement of revenues received and expenses incurred by a firm during a particular time period, leading to the calculation of net income or net profit. Français: Compte de pertes et profits Español: Estado de pérdidas y ganancias

A financial document that provides information on a business organization's revenues and expenses during a specified period and indicates whether the business experienced a net income or net loss during the period. Also known as statement of operations.

A basic financial statement that details sales revenue, cost of goods sold and selling/administrative expenses, income before and after taxes and the gain or loss from unusual events or discontinued operations. It usually represents activity for a quarterly or yearly basis, and is compared to the same previous from the previous year.

Financial statement showing a company's sales, expense and net income or loss for a specific period of time. Incubator: A facility designed to encourage entrepreneurship and minimize obstacles to new business formation and growth, particularly for high technology firms, by housing a number of fledgling enterprises that share an array of services. These shared services may include meeting areas, secretarial services, accounting services, research libraries, on-site financial and management counseling and word processing facilities.

Statement of firm performance in terms of revenues and expenses for a period of time, typically a month or a year.

A report that summarises the income and expenses and computes the resulting profit of a business over a period of time.

A performance report that summarises the financial operations of a business by matching its revenue and associated expenses for a financial accounting period. The bottomline will shows the net income or net loss of the business in that financial year.

the American name for the financial statement which shows the profit or loss made by a company during the accounting period.

gives some indication of how well the business enterprise performed over a certain period of time, usually a year. Page 329

A financial summary of the operating results of a firm covering a specified period of time, usually one year.

The income statement represents the profitability and the structure of income and expenses of a company or a project in a given period. It is included with the company's financial reports.

Context is: business term. Financial statement showing a company's sales, expense and net income or loss for a specific period of time.

A financial statement that contains a summary of a business' financial operations for a specific period of time. It shows the net profit or loss for the period by stating the company's revenues and expenses.

A form showing your income and expenses over a period of time. Also called a profit and loss statement.

One of several company's financial statements which provides a summary of revenues and expenses over a period of time.

One of the three components of a set of corporate financial statements. It tracks the revenues and expenses of a company during a period of time.

a financial statement that shows a business's operating results for a period of time; also called a profit and loss statement

All financial information we present derives from the Federal Forms 990 filed by charities with the Internal Revenue Service (IRS). This particular statement shows the breakdown of a charity's revenue and expenses, its payments to affiliates, excess or deficit, and total net assets reported in the most recent fiscal year.

A report listing the revenues and expenses of a business, resulting in a net income (profit) or loss.

"A report on a company's financial status over a period of time. It shows the revenues earned, the expenses incurred and the net result from operations (net profit/loss). "

a financial statement showing the sales for a particular period less the cost of goods sold and the resultant profit.

Refer to OPERATING STATEMENT; STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE; and STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS OR FUND EQUITY.

a financial document that shows how much money (revenues) came in and how much money (expenses) was paid out. Subtracting the expenses from the revenue gives the net profit.

An annual summary of income and expenses of a given business in order to determine the net income of the business.

A report of a company's activity over a period (usually a quarter or year) which ends on a specified date. It is sometimes referred to as an Income and Expense report or P&L (Profit & Loss Statement).

This statement is based on promises and agreements, rather than cash. It summarizes for a specific period of time the total sales and subtracts all the costs of doing business. This gives a Net Profit for the period. All items on the income statement are non-cash measures in dollars.

Summary of revenues, costs and expenses for a business over a period of time.

Financial Statement that conveys the revenue, costs, expenses and profits of a business over a period of time--monthly, quarterly, annually.

a financial statement that gives operating results for a specific period

a detailed summary of the income and expenses of a business over a specified period of time, showing the net profit or loss for that period

an accounting record of the revenues realized, accounting costs incurred, and profits or losses or other net surpluses or deficits during a period by a household, firm, or government agency

an accounting record of the revenues realized during a period by a firm and the accounting costs it incurred

an accounting statement that reflects the operating results of an enterprise within an accounting period, as well as their distribution

a report that shows how much revenue a company earned over a specific time period (usually for a year or some portion of a year)

a type of summary flow report that lists and

A financial statement showing a company's results of operations for an accounting period or fiscal year.

Report summarizing the revenues and expenses and reporting the net income (loss) of a business for an entire accounting period. Also called Statement of Earnings, Statement of Profit and Loss, P & L or Operating Statement.

Part of the financial statements contained within the annual report to equity investors. Under GAAP it is known as the profit and loss account. It explains the figures for the profits or losses reported.

A type of financial statement that describes a firm's revenues and expenses and indicates whether the firm has earned a profit or suffered a loss during a given period.

An accounting form that reports business revenues, expenses and the resulting profit or loss for a particular period of time. Also called profit-and-loss statement or statement of income and expenses.

An income statement can be as informal, or formal as required, and is created by listing the total incomes and total expenses incurred during a specific time period, or "fiscal period".

Summary of the revenues, costs and expenses of a company during an accounting period.

A financial report of the results of matching revenues with related expenses for a definite accounting period (a month or a year).

the financial statement showing profit and loss

A financial statement highlighting the accounting surplus or deficit of an entity. It provides an indication of whether the entity has sufficient revenue to meet expenses in the current year, including non-cash costs such as depreciation.

Commonly used at the end of any fiscal period, this financial statement would show the revenue and expenses for that period.

A financial report that shows a company's performance over a specified period of time by subtracting expenses from revenue to obtain net income. Also known as a profit and loss statement (P&L) or an earnings report.

Summary of the revenue (receipts or income) and expenses (costs) of a business over a period of time to determine its profit position. The income statement is also referred to as a profit and loss statement, earnings statement or an operating statement.

Document showing income (revenue, money coming in)and expenses (money paid out)Income minus expenses shows profit (retained earnings)

The statement indicating the profit or loss of a business during its accounting period. Otherwise known as a profit and loss statement. Simply put it is Revenue - Costs = Profit (or loss).

see Earning Statement.

An income statement is a financial statement that shows sales, margins, operating expenses, and profits or losses.

A summary of a company's revenue and costs for a given year

The financial statement that shows whether the business earned a profit by subtracting expenses from revenues; it lists the types and amounts of revenues earned and expenses incurred by a business over a period of time.

Sometimes called a profit and loss statement, a financial statement that begins with sales or revenues, then lists major categories of expenses, and ends with pretax income, taxes, and net income.

A financial statement that measures the profitability of a business. Also known as the profit and loss statement or the operating statement.

Also called the profit and loss statement, or P&L or statement of operations. This is a report that shows the changes in the equity of the company as a result of business operations. It lists the income (or revenues or sales), subtracts the expenses and shows you the profit (or loss). This report covers a period of time and summarizes the money in and the money out. The income statement is like a magnifying glass that shows the detail of activities that causes changes in the equity section of the balance sheet.

The income statement or profit and loss statement is one of three primary financial statements that companies use to measure, track and commuicate their financial status (the others being the balance sheet, and the cash flow statement). While the balance sheet presents the financial status of a company at one point in time, the inome statement presents the change in a company's status over a period of time. In particular, over a period of time, it shows how much the company has sold of its products or services and how much it has spent in that same period. The difference between how much it has taken in and how much it has spent is called profit (or loss if the number is negative). See also: Balance Sheet, Cash Flow Statement

measure of how well a business buys and sells its inventory/services to make a profit for a given period of time.

A financial summary of a company's revenue, expenses and profit (or loss) for a particular period of time. Also called a "profit and loss statement," or "P&L."

Statement of revenue of a company less expenses incurred.

a financial report that lists revenues, expenses, and net income throughout a given period.

Financial report that summarizes a firm's performance over a specified time period.

items included with the property e.g. light fittings, stove, etc. a statement of income and expenditure for a period, usually a year.

a financial statement that shows the amount of income earned by a business over an accounting period.

A financial document that shows whether a company is profitable.

a report that presents the difference between an organization's income and expenses to determine whether the firm operated at a profit or loss over a specified time.

A financial statement summarizing revenues, expenses, gains and losses for a stated period of time. The Income Statement is also known as Profit & Loss Statement, Statement of Earnings, Statement of Income or Statement of Operations.

See "Profit/Loss Statement."

A statement of income and expenditure for a period, usually a year. (can be called a profit and loss statement)

An accounting method for determining the profit or loss of a business on a periodic basis.

An Income Statement is a standard financial document that summarizes a company's revenue and expenses for a specific period of time, usually one quarter of a fiscal year and the entire fiscal year.

The income less cost of sales, less expenses for a particular accounting period.

shows a company's sales, expenses, and profits or losses for a certain period of time. The Income Statement is also referred to as a Profit & Loss Statement. The Income Statement and Balance Sheet are the two most important financial statements.

The financial statement of a firm that summarizes revenues and expenses over a specified time period; a statement of profit and loss.

A financial statement that reports the results of a company's business operations (revenue and expenses) for a set period, usually one year. Also called an earnings report, statement of earnings, statement of operations and statement of profit and loss.

Historical record of how a business has performed over a specific period, recording sales and costs so as to calculate profitability.

See operating statement.

Also called Statement of Earnings, the primary financial statement that summarizes the revenues generated, the expenses incurred, and any gains or losses of an entity during a period of time.

Summarizes income less cost of goods, less expenses claimed against the income for a specific period of time. Could also be known as an Operating Statement or Profit & Loss Statement.

US term for profit & loss account

The financial statement of a firm that presents both revenues and expenses during a specified time period

One of three major kinds of financial statements used by businesses. It is primarily a flow report that lists a company's income or revenues and its expenses for a certain period of time in order to summarize a company's financial operations. (See also: balance sheet and statement of changes in financial position.)

A statement that allows an individual to calculate his or her company's pre-tax profits by subtracting total expenses from total revenues. Also referred to as a profit & loss statement or P&L.

An accounting of earnings, shows how revenues were spent and how much remains as net income for a given period of time.

Also called the operating statement or the profit and loss statement (the "P & L"). It is the summary of the sales and expenses of a company for a specific period of time, such as a month, quarter, or year. It is the moving picture that tells one how a company got from one balance sheet date to another. Think of the balance sheet as a still photo showing where you are at a given date. If a company's net worth increased by $100,000 from one balance sheet date to another, the income statement will show the volume of sales and expenses necessary to create that change in net worth. See also balance sheet.

A financial statement that shows the profit or loss a company has made over a period of time.... more on Income statement

Income Statement, also called Profit and Loss statement, is a financial statement that shows sales, cost of sales, gross margin, operating expenses, and profits or losses.

A presentation of the sales, expenses, and profit or loss of a business on a periodic basis.

An income statement shows the profit or loss that a company generates over an accounting period.

Also called a profit and loss statement or a "P&L." It lists your income, expenses, and net profit (or loss). The net profit (or loss) is equal to your income minus your expenses.

A statement that summarizes revenues and expenses.

A financial statement that measures the profitability of the firm over a time period. All expenses are subtracted from sales to arrive at net income.

A statement showing the revenues, expenses, and income (the difference between revenues and expenses) of a corporation over some period of time.

The portion of a financial statement that shows the cumulative income and expenses of a company of a specific period, e.g., one month, six months, one year.

P&L (profit & loss) statement showing how much profit a business makes during its operation cycle. Sales - Costs = Income. See also, Financial Statements.

A financial statement that summarizes the results of business activities (income and expenses) for a given period of time. Sometimes called a profit and loss statement.

Financial statement that shows operating results for a given time period; sometimes called a profit-and-loss statement

One of the financial statements used in business is the income statement. It is commonly referred to as a bottom line type of statement. It shows whether the business earned a profit or incurred a loss for a given period. Some government programs are carried out like business operations, and in those cases, a statement similar to the income statement is produced.

a summary of the firm’s operating results covering a specified period of time.

The financial statement that summarizes the revenues generated and the expenses incurred by an entity during a period of time.

Formerly known as the profit and loss account under UK GAAP.

Financial statement showing a company's sales, expense and net income or loss for a specific period of time. (last updated 03/19/2004)

A report on a company's financial status over a period of time. It totals profits, subtracts expenses and pinpoints how much money the company can reinvest.

An accounting document that reflects revenues and expenses incurred by a corporation over a specific period of time.

A financial statement showing revenues earned by a business, the expenses incurred in earning the revenues and the resulting after-tax net income or net loss.

The financial statement that shows how a company's income and profit change over time.

(sometimes called Profit & Loss statement) a statement of revenues and expenses.

A report that covers a specific period of time, and shows all revenues and expenses, and the net profit or loss for that period. Also called a profit and loss statement.

Also known as the profit & loss statement or P&L, enables you to calculate your company's pretax profits by subtracting total expenses from total revenues.

A quarterly or annual financial statement that shows a corporation's business results. It specifically shows all revenues, earnings, expenses, costs and taxes. See: Balance Sheet; Financial Statement

A company's financial statement. It shows a company's revenues, expenses and income for a period of time such as a year or a quarter. Figures for the same period in the previous year usually are included for easy comparison. Annual and quarterly reports usually include an income statement, and you can also find them in documents filed with the Securities and Exchange Commission.

Summary of the effect of REVENUES and expenses over a period of time.

Financial statement showing a business' profit and loss over a period of time (usually a month or a year).

A financial report that--by summarizing revenues and expenses, and showing the net profit or loss in a specified accounting period--depicts a business entity's financial performance due to operations as well as other activities rendering gains or losses. Also known as the "profit and loss statement" or "statement of revenue and expense."

The statement of a company's revenues, expenses, gains and losses, resulting with Net Income for the period.

A report on a company's financial status describing revenues and expenses over a specific period of time.

A summary of all income and expenses of a business for a stated period of time

A financial statement showing the net income for a business over a given period of time. See: balance sheet, funds flow statement.

A financial statement issued periodically (usually quarterly and annually) that lists a company's financial transactions and activity as they pertain to profit and loss.

The income statement shows the cash flow for an entire accounting period, usually a quarter. The income statement is included in the annual report of the real estate corporation.

Income statements for companies indicate how net revenue (money received from the sale of products and services before expenses are taken out, also known as the "top line") is transformed into net income (the result after all revenues and expenses have been accounted for, also known as the "bottom line"). The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported.