PL is short for profit and loss statement. Finances to use your profit and loss the same as income statement. Actually in the income statement it would be Gains and Losses. Both are showing all the revenue expenditures and incomes. Its a snapshot of a companys financial health and business. The profit or loss is […]
Month: August 2022
The Balance Sheet Reports Financial Information
Of the financial reports that you should familiarize yourself with the Balance Sheet Report is arguably one of the most essential. It gives you an overview of your business net worth. The balance sheet financial reports use the following building blocks. The balance sheet displays the companys assets liabilities and shareholders equity at a point […]
Cash Flow Statement For Financial Institutions
In finance the term is used to describe the amount of cash currency that is generated or consumed in a given time period. The principal revenue-generating activities of an organization and other activities that are not. IAS 7 Cash Flow Statements replaced IAS 7 Statement of Changes in Financial Position issued in October 1977. View […]
