Financial Analysis (AQA A-Level Business): Flashcards
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Practise the cards
10 cards from this deck
Income statement shows
Income statement shows
Company's profit or loss over a specific time period
Alternative name for income statement
Alternative name for income statement
Profit and loss account
Revenue definition
Revenue definition
Total income earned from selling goods and services
Expenses definition
Expenses definition
Costs the business incurs to operate
Gross profit formula
Gross profit formula
Revenue - Cost of sales
Operating profit calculation
Operating profit calculation
Gross profit - Operating expenses
Alternative name for profit after tax
Alternative name for profit after tax
Profit for the year
Retained profit definition
Retained profit definition
Profit after tax minus share dividends
Time period income statements should cover
Time period income statements should cover
One complete accounting year (12 months)
Companies legally required to publish accounts
Companies legally required to publish accounts
Public limited companies (PLCs)