This free eBook you will give you a thorough understanding of the income statement, a powerful decision-making tool that every manager should be familiar with.
From this eBook, you will learn:
How an income statement is prepared and what it can tell you
The importance of transaction timing and how it influences the income statement totals
How to use accounting standards to help you define operating and non-operating expenses
How to use income statements to measure financial performance against expectations
How to compare income statements for different sized organizations