It's a profit and loss statement, aka an income statement, aka a statement of earnings. It's one of the components of a complete set of financial statements.
A complete set of financial statements should include: [IAS 1.8]
* a balance sheet,
* income statement,
* a statement of changes in equity showing either:
all changes in equity, or changes in equity other than those arising from transactions with equity holders acting in their capacity as equity holders;
* cash flow statement, and
* notes, comprising a summary of accounting policies and other explanatory notes.
Minimum items on the face of the income statement should include: [IAS 1.81]
(a) revenue;
(b) finance costs;
(c) share of the profit or loss of associates and joint ventures accounted for using the equity method;
(d) a single amount comprising the total of (i) the post-tax profit or loss of discontinued operations and (ii) the post-tax gain or loss recognised on the disposal of the assets or disposal group(s) constituting the discontinued operation;
(e) tax expense; and
(f) profit or loss.
2007-12-01 22:23:31
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answer #1
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answered by Sandy 7
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its a profit and loss statement. It shows where all the revenue goes in the company.
2007-11-30 02:22:17
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answer #2
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answered by loving life!!!!! 6
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Profit and Loss. A company uses this to break down controllable expenses per department, giving a fiscal budget, goal, and actual. It will vary by corporation, but basically it is a budget with a whole lotta numbers.
2007-11-30 02:24:09
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answer #3
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answered by glassesguru 5
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Go to http://www.score.org/template_gallery.html and download the Excel template for s P&L statement.
2007-11-30 02:24:28
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answer #4
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answered by Anonymous
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Profit & Loss.
2007-11-30 02:20:40
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answer #5
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answered by Jesse Rocks 4
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