Financial Accounting

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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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.