Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. The balance sheet, income statement, and cash flow ...

The gross profit ... Cash-Flow Statement The cash-flow statement is designed to convert the accrual basis of accounting used to prepare the income statement and balance sheet back to a cash ...

While you may consider a balance sheet to be an essential financial ... such as an income statement, which demonstrates profit or loss, and a cash flow statement that lists how a business spends ...

AndreyPopov / Getty Images Many investors have some understanding of typical financial statements like the balance sheet ... fund accounting. Governments aren't trying to make a profit so they ...

Can you make your own profit and loss statement? After entering your sales and expenses into QuickBooks, Peachtree or the like, the software will generate a P&L statement for you. However, you can ...

A financial statement that lists ... savings and short-term investment accounts. Accounts receivable is the income derived from credit accounts. For the balance sheet, it's the total amount ...