What are Income Statements?
This is a free book from BookBoon.
This eBook you will give you a thorough understanding of the income statement, a powerful decision-making tool that every manager should be familiar with.
You will learn:
- How an income statement is prepared and what it can tell you
- The importance of transaction timing and how it influences the income statement totals
- How to use accounting standards to help you define operating and non-operating expenses
- How to use income statements to measure financial performance against expectations
- How to compare income statements for different sized organizations