What is another word for "statement of financial performance"? (2024)

FAQs

What is another word for "statement of financial performance"? ›

In this case, the statement of financial performance can also be called 'statement of profit or loss' or 'income statement'.

Also referred to as the profit and loss statement, the income statement provides the gross profit margin, the cost of goods sold, operating profit margin, and net profit margin. It also provides an overview of the number of shares outstanding, as well as a comparison against the performance of the prior year.

their profitability. their bottom line. commercial results. profit-and-loss. corporate earning.

Financial performance refers to the overall financial health of the business. All businesses take financial assets, which come in many forms, and use them to support business activity, which generates revenue and ultimately, profits.

Overview: The balance sheet - also called the Statement of Financial Position - serves as a snapshot, providing the most comprehensive picture of an organization's financial situation.

Balance Sheet (also known as statement of financial condition or statement of financial position): An itemized financial statement that lists assets, liabilities, and equity.

A statement of financial position is another name for a balance sheet. It is used to provide an overview of a business's financial position at a given point in time.

Financial performance is a complete evaluation of a company's overall standing in categories such as assets, liabilities, equity, expenses, revenue, and overall profitability.

The name “balanced scorecard” comes from the idea of looking at strategic measures in addition to traditional financial measures to get a more “balanced” view of performance. The concept of balanced scorecard has evolved beyond the simple use of perspectives and it is now a holistic system for managing strategy.

What is the main statement of financial performance? ›

As mentioned above, the IASB calls the income statement the statement of financial performance. However, the IASB requires listed companies to prepare one 'statement of profit or loss and other comprehensive income' or a separate 'statement of profit or loss' and a separate 'statement of comprehensive income'.

There are many different names for an income statement, including a profit and loss statement, P&L, statement of earnings, or statement of operations.

The five primary types of performance indicators are profitability, leverage, valuation, liquidity and efficiency KPIs. Examples of profitability KPIs include gross and net margin and earnings per share (EPS). Efficiency KPIs include the payroll headcount ratio. Examples of liquidity KPIs are current and quick ratios.

One of the most important tools for evaluating the financial performance of a company is its financial statements. Financial statements in accounting are a record of a company's financial activities over a period of time. They include income statement, balance sheet , and cash flow statement.

The three main types of financial statements are the balance sheet, the income statement, and the cash flow statement. These three statements together show the assets and liabilities of a business, revenues, and costs, as well as its cash flows from operating, investing, and financing activities.

earnings report, income statement, operating statement, profit-and-loss statement.

An income statement or profit and loss account (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) is one of the financial statements of a ...

The balance sheet (also referred to as the statement of financial position) discloses what an entity owns (assets) and what it owes (liabilities) at a specific point in time.