Banks being specialized enterprises are not distinct from any business form except for their roles as financial intermediaries. Underlying their unique functions, and behind their secured bricks and ...

What are income statements or financial statements? Learn about income statement with sales revenue, cost of sales, expenses and gross/net profit or loss. What is a statement of financial position?

Company's typically prepare several financial statements that cumulatively show the financial position. They include the income statement, balance sheet, cash flow statement and owners' equity ...