Income statement accounts are temporary accounts recorded by businesses on their income statement, and are used to calculate net income at the end of each accounting period. Income statement items or ...

The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a ...

An internal income statement is a financial document used to gauge a company's ability to generate revenue and profit. An internal income statement remains within the given business and is not public ...

A company's income statement shows how much money it brought in as revenue or sales, how much it spent on expenses, and how much profit or loss -- also called net income -- was generated for a given ...

Investors should closely scrutinize the quality of financial statements as net income can sometimes be manipulated through questionable accounting practices. For individuals, net income is the amount ...

Financial accounting is a specific type of accounting that uses standardized processes and guidelines for businesses to record their financial transactions and prepare financial statements for ...

Every business has cash going in and going out. This is cash flow. A cash flow statement accounts for the cash moving in and out of the company. It reflects the cash impacts of revenues, expenses, ...

The balance sheet and income statement of a bank's financial statements contain unique characteristics that can help you decipher how banks make money.