Financial Accounting

Financial accounting refers to the process by which incoming and outgoing cash flows are recorded. These are typically summarized through three key statements: the income statement, the balance sheet, and the cash flow statement.

Retained Earnings Definition

Retained Earnings Definition

Table of Contents 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 FAQs of Retained Earnings Retained Earnings Definition Written by Paul Boyce Posted in Finance > Financial Accounting Last Updated October 31, 2022 What are Retained

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.