Paul Boyce

Paul is a Business Economics graduate from the UK and currently an editor at Boycewire

Balance Sheet Definition

Balance Sheet Definition

The balance sheet is a key financial statement that public and private companies report on. It highlights a firm’s assets, liabilities, and equity.

Income Statement Definition

Income Statement Definition

The income statement details the firm’s revenue and expenses during a period of time. Also known as a ‘profit and loss statement’, it highlights how much the firm has sold and how much it has spent.

EBITDA Feature Post

EBITDA Definition

EBITDA stands for Earnings Before Interest, Tax, Depreciation, and Amortization. It is a useful financial metric which is found an a companies income statement.

Retained Earnings Definition

Retained Earnings Definition

What are Retained Earnings Retained Earnings Formula Retained Earnings Explained Example of Retained Earnings Retained Earnings on Balance Sheet Retained Earnings vs Profit Limitations of Retained Earnings Retained Earnings Definition WRITTEN BY PAUL BOYCE | Updated 14 July 2022 What are Retained Earnings Retained earnings account for the net income of a business minus any …

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Equity Definition

Equity Definition

Equity refers to the value of an individuals ownership over an asset where there is an associated debt or other liability. In other words, it’s the value which is left over after any financial obligations are taken into consideration.

Common Stock Definition

Common Stock Definition

Common stock is a financial asset which represents ownership of a company. Those who have common stock have voting rights and an ability to have a say in how the company is run.

Preferred Stock Definition

Preferred Stock Definition

A preferred stock is a type of stock which receives preferential treatment over common stock owners. It is often seen as a mix between a bond and a stock.

Net Income Definition

Net Income Definition

Net income (NI) is the amount of income an individual or business receives, minus any expenses. For individuals, this takes into account expenses such as tax, pension contributions, and student loan re-payments.

White Collar Definition

White Collar Definition

A white collar is the name used to define a segment of employees that earn higher than average wages in highly skilled positions. White collar positions are known as such because these roles would usually require a shirt and tie outfit. These are the typical roles we may associate with office and management jobs that do not require physical labor.