Every company produces three important financial reporting documents when the fiscal period comes to a close: the balance sheet, cash flow statement, and the profit and loss statement. Among these, ...

Breaking Down Financial Statements Whether you’re a seasoned investor or just trying to get a better handle on finance, ...

In the first part of this series we dealt with the balance sheet ("Understand your financial statements," September, pg. 30), and now we are going to move onto the profit-andloss statement, hereafter ...

Annual and quarterly documents such as profit-&-loss statements are routinely audited by Certified public accountants (CPAs) at publicly traded companies. Profit-&-loss statements, also referred to as ...

For a business, shoddy record-keeping is always counterproductive, as is the overstating or understating of accounts receivable in financial statements. As a result, top leadership typically sets ...

Business owners need to understand how their business uses cash and how to spend the cash that comes in effectively. The best way to do that is through a budget.

From misinterpreting financial statements to making uninformed investment decisions, these critical oversights could be draining your company’s lifeblood without you even knowing it. Cash Flow Blind ...

One of the highlights of PSA-TEC 2025 in Denver for me was an educational session that I had the privilege of co-hosting: “Effective Leadership Using P&L Statements.” Led by PSA CFO Allen Riggs, the ...

Mention profit and loss (P&L) statements to marketers, and many will point to their colleagues in finance. However, as businesses in every industry are under pressure to justify their spending, ...

A profit and loss statement (P&L), also known as an income statement, provides a summarized view of a company's financial performance over a specific period. It lists revenue, costs and expenses, ...