Financial statements are the annual record of a business's profit and loss for the year. They are usually divided into two parts: an income statement which reflects the business's net income, and ...

generally referred to as the Tax Cuts and Jobs Act (the “Act”), will have a significant impact on financial statement reporting. The Act was signed into law on December 22, 2017, and the ...

There are four key financial statements your company may have: a balance sheet, income statement, cash flow statement and statement of owners' or shareholders' equity (retained earnings).

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair ...

and minimize their taxes. olm26250/Getty Images Financial statements are like a report card for a business. They highlight a company's health and financial wellness through numbers like income and ...

Melissa Houston covers financial issues that affect ... A forecasting template is based on the structure of an income statement. The bottom line is when you are familiar with the income statement ...

3. The key financial ratios to look at to understand a company’s operating health. This statement details a company's revenue, expenses and taxes, ultimately showing the after-tax profit at the ...

Am I still required to submit an audited financial statement? As long as your annual gross revenues do not exceed P3 million, you are qualified for optional 8% income tax and required to use BIR ...