Income statements, balance sheets and cash flow statements. If you're running a business, you probably have some knowledge of basic financial statements and how to use them. But do you know why ...

In many cases a company's income statement will break down different sources of income. For example, Apple 's (AAPL -0.68%) income statement breaks its revenue into product sales and service revenue.

Three Examples of Types of Financial Statements Used in Companies. Companies must produce a series of financial statements to provide information on the their activities, net worth and viability.

By Enoch AKUFFU-DJOBI (PhD)In today’s corporate environment, financial statements serve as the cornerstone of stakeholder decision-making. However, the increasing use of impression management ...

Your financial statements can provide decision makers within the company with the information necessary to make effective choices. Accurate balance sheets, income statements, profit-and-loss ...

These examples are designed to assist companies in applying existing IFRS Accounting Standards to their financial statements.

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

Learn financial statement analysis techniques, including horizontal, vertical, and ratio analysis, to assess company performance via balance sheet, income, and cash flow statements.

For example, if the financial statement representation includes a reference to GAAP as an additional concept but not as a qualifier to the fairly presents standard.

The International Accounting Standards Board published a consultation document with eight proposed illustrative examples to show how companies could apply International Financial Reporting Standards ...

For example, on-going operating expenses can be reassigned to a failing business unit. When the unit is shut-down, sold, or spun-off, the loss from that activity can be written off in both the ...