Post by account_disabled on Dec 3, 2023 10:31:22 GMT
The income statement allows us to know for sure how a company has behaved. Find out everything you need to know about it! Ana Maria Cardona May 8, 22 | 5 min read Statement of income The income statement is one of the most important financial statements for companies, because it allows us to know with certainty how the company has behaved. This, together with the balance sheet and the cash flow statement, indicates the economic health of the organization. With these, you can observe in detail and accurately whether the company is making profits or losses in its operation and make strategic decisions to achieve the objectives set, including for marketing .
Do you want to know more about the income statement? Read this content until the end! What is the income statement? Main accounts that make up the income statement How to obtain the income statement? Why is the America Cell Phone Number List income statement important for your company? What is the income statement? This statement, also called a profit and loss statement, is a type of financial report that explains and reflects in detail the expenses and income that a company had during a certain period of time. Therefore, the income statement allows us to understand what the business is like in the operational field, the fixed and variable costs necessary to maintain sales, the ability to generate sales, administrative expenses and debts that affect the company in a certain period of time.
certain date range. What is the income statement for? On the one hand, this financial statement provides information about the value of the company, data that is interesting for investors. And, on the other hand, it allows debtors to know how easy it is for the company to return their money. That is, the analysis of an income statement explains the profitability of an organization and helps make the right decisions for its growth and to establish itself in the market. Main accounts that make up the income statement The income statement is made up of nine accounts that seek to answer questions such as what the company sells, how much it is selling, how expenses are managed, the profits it is generating and more. Do you want to know what these accounts are? Below we explain them to you: