Discover how cash purchases impact a company's income statement and where to find detailed records in financial reports.

Discover how to calculate and understand key income statement ratios to evaluate company performance, including gross margin, ...

This report is one of a series on the adjustments we make to convert GAAP data to economic earnings. Reported earnings don’t tell the whole story of a company’s profits. They are based on ...

Operating expenses are essential daily business costs, separate from production expenses. Reducing operating expenses can increase profitability, but cuts must not harm quality. Operating profit is ...

Operating expenses are costs tied to a company’s day-to-day operations. Operating expenses are costs tied to the normal operations of a company. They include the day-to-day expenses of a company’s ...

FASB is seeking comments on a proposed Accounting Standards Update (ASU) that is intended to provide investors with more decision-useful information regarding a public business entity’s expenses. The ...

What Is An Income Statement? An income statement lists a company’s income, expenses, and resulting profits over a specific time frame, usually a quarter or fiscal year. Companies create income ...