The Income Statement

The income statement has many names; it may be called the statement of earnings, statement of operations or the profit and loss statement. The income statement is of utmost importance to the equity research analyst because from the statement he is able to analyze, predict future earnings and make recommendations.  The Income statement is one of the required statements a company must file at the end of an accounting period, alongside two other statements which are the statement of financial position and the Statement of cashflows. [Read more…] about Income Statement