Under accounting rules, a business must list direct costs in a statement of profit and loss, but these charges also interrelate with other financial data summaries. These include a statement of ...

Companies While laws may not require audited financial statements to be provided by private companies, best practices and contractual obligations could mandate such documents for small businesses. In ...

An essential financial ... income statement to compare year-on-year and quarter-on-quarter performance. They can infer, for example, whether a company’s efforts at reducing the cost of sales ...