Income Statement
There are four financial statements that are prepared during an accounting year. In this article, we will focus our attention on the Income Statement.… Read Article
Financial Statements
Accounting Cycle
What is the Accounting Cycle?The person maintaining the accounting cycle defines it as a systematic process of recognizing, analyzing, and posting the various events… Read Article
Month-over-Month
Month-over-month growth shows the change in the value of a statistic as a percentage of the previous month’s value. This method is used to… Read Article
Year-over-Year (YoY) Growth
Year-over-Year compares a value for one period to the value for the same period the subsequent year. This period may be a month, a… Read Article
LTM Revenue
LTM: MeaningLTM (Last Twelve months) is also titled trailing or rolling twelve months (TTM). It accounts for the company’s financial performance by going through… Read Article
Three Statement Model
What is a Three Statement Model?A three-statement model is nothing but the income statement – cash flow statement- the organization’s balance sheet. The model,… Read Article
Limitations of Financial Statements
The primary limitations of financial statements are their heavy reliance on historical costs, indifference to inflation, being prone to fraud, being easily manipulated, etc.… Read Article
Financial Statement Notes
Financial Statement Notes / FootnotesFinancial statement notes are the additional important information apart from the basic three financial statements. These notes to financial statements… Read Article
Types of Financial Statements
There are three basic types of financial statements. We categorize another two important parts of an annual report as financial statements. Let’s begin our… Read Article
Net Profit
Net Profit is a measure of the profitability of the company after taking into consideration all costs incurred during an accounting period. Other names… Read Article
What is Expense? – Definition and Meaning
Expenses can be defined as “Any cost that a company bears in an attempt to maximize its revenues, and thereby its profits.” It is… Read Article