Detailed Income Statement Pdf

In some cases the sample income statement may include one or more line items that are not needed.

Detailed income statement pdf. Version of the more detailed income statement presented in illustration 4 2. Sales discounts 24 241. 1 2 the income statement unlike the balance sheet which tells us the state of the fi rm at one point in time the income statement tells us how the fi rm has performed over a period of time. Examples of service businesses are medical accounting or legal practices or a business that provides services such as plumbing cleaning consulting design etc.

Detailed income and asset statement. Then select what date you d. Cost of goods sold. The next is the income statement shown in figure 3 2 which provides information on the revenues and expenses of the firm and the resulting income made by the firm during a period.

An income statement is just one of the many documents included in a financial statement which also includes other financial reports like the balance sheet and cash flow statement also called the profit and loss statement the income statement focuses on the revenue and losses of the company basically providing the company an overall view of their gains and. The profit or loss is determined by taking all revenues and subtracting all expenses from both operating and non operating activities this statement is one of three statements used in both corporate finance including financial modeling and accounting. Detailed income statement and footnotes turkish airlines investor relations phone. The income statement is one of a company s core financial statements that shows their profit and loss over a period of time.

If this is the case those line items can safely be removed from the sample income statement. 90 212 463 63 63 e mail. Select the document type you need from the drop down menu. It is more rep resentative of the type found in practice.

Income statement year ended december 31 20xx. For the purpose of this guide we ll use the example of requesting an income statement. The income statement gives a detailed account of revenues expenses income. Illustration 4 2 income statement boc hong company income statement for the year ended december 31 2011 sales revenue sales 3 053 081 less.

The period can be a quarter if it is a quarterly income statement or a year if it is an annual report. In summary the left hand side of the balance sheet reports the assets that earn income and the right hand side reports how these assets are fi nanced. Some businesses may have additional income and expense items not listed on the sample income statement so it is important to add those elements if need be. Notice that there are six income subtotals.