Evolution of the accounting treatment of Renault Group's stake in Nissan Renault Group's stake in Nissan, which was ...

The Financial Accounting Standards Board provides broad definitions of revenues, expenses, gains, losses, and other terms that appear on the income statement in its Statement of Concepts No. 6.

The income statement is a simple and straightforward report on a business’ cash-generating ability. It’s an accounting scorecard on the financial performance of your business that reflects ...

Unrealized gain is on an income statement when you're using accrual accounting instead of cash accounting. Large companies almost always use accrual accounting to gauge their financial health.

All three accounting statements are important for understanding and analyzing a company’s performance from multiple angles. The income statement provides deep insight into the core operating ...

The income statement, also called the profit-and-loss statement, is a more detailed presentation of earnings, which is crucial when trying to uncover potential bargain stocks. To describe where a ...

To illustrate how the accrual basis of accounting may impact a company's income statement for a period, assume that on February 14, an electrical company approves a credit account for a new salon ...

Matt Lee is the founding partner of Atlas Growth Capital. He has 3+ years of experience as a consultant and startup advisor. While looking at a particular company's latest income statement, you ...

The IASB standard also goes a bit further by changing the income statement presentation, while FASB's is a disclosure-only project. The new standard may help investors analyze the impact of inflation ...