Income Statement

Definition: Income Statement

Income Statement

Noun

1. A financial statement that gives operating results for a specific period.

Domain	Definitions
Business	An account, the style of which varies from country to country, which sets the income of a period against the expenditure with a view to determining the profit or loss for that period. In certain countries the direct cost of and income from trading and the resultant operating profit/loss are shown in a special trading account, the balance of which is carried to the profit and loss account. Source: European Union. (references)
Finance	A financial statement that contains a summary of a business' financial operations for a specific period of time. It shows the net profit or loss for the period by stating the company's revenues and expenses. (references)
Source: compiled by the editor from various references; see credits.

Elements of the income statement are net income results from revenue, expense, gain, and loss transactions.

Revenues - Inflows or other enhancements of asets of an entity or settlements of its liabilities during a period from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.

Expenses - Outflows or other using-up of assets or incurrences of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitue the entity's ongoing major or central operations.

Gains - Increases in equity (net assets) from peripheral or incidental transactions of an entity except those that result from revenues or investments by owners.

Losses - Decreases in equity (net assets) from peripheral or incedental transactions of an entity except those that result from expenses or distributions to owners.

Synonyms: Income Statement

Synonyms: earnings report (n), operating statement (n), profit-and-loss statement (n). (additional references)

Crosswords: Income Statement

Specialty definitions using "income statement": Farm income and balance sheet, financial statements ♦ pro forma statement, profit and loss statement. (references)

Subject	Topic	Quote
Business		Capitalized interest can usually be found in footnotes or the face of the income statement. (references)
Economic History	Malaysia	Publicly listed companies must now submit quarterly reports that include a balance sheet and income statement within two months of each financial quarter's end. (references)
Source: compiled by the editor from ICON Group International, Inc.; see credits.

The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com.

Language		Translations for "income statement"; alternative meanings/domain in parentheses.
Danish		vins-och förlusträkning (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), tabs-og vindingskonto (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), resultatregnskap (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), resultatopgørelse (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), driftsregnskab (earning statement, profit and loss account, profit and loss statement, statement of loss and gain). (various references)

Dutch		verlies-en winstrekening (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), staat van lasten en baten (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), resultaatrekening (profit and loss account). (various references)

Finnish		tuloslaskelma (earning statement, earnings sheet, profit and loss account, profit and loss statement, statement of loss and gain). (various references)

French		compte de résultat, compte de profits et pertes, compte de pertes et profits. (various references)

German		Umsatzrechnung (profit and loss account), GuV (profit and loss account), Gewinn-und Verlustrechnung (profit and loss account), Gewinn-und Verlustkonto (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), Gewinn- und Verlustrechnung (earning statement, operating statement, profit and loss account, profit and loss statement, statement of loss and gain), Ergebnisrechnung (profit and loss account), Erfolgsrechnung (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), Erfolgsbilanz (profit and loss account), Aufwands-und Ertragsrechnung (profit and loss account). (various references)

Greek		λογαριασμός κερδών και ζημιών (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), λογαριασμός κερδών ή ζημιών (earning statement, profit and loss account, profit and loss statement, statement of loss and gain). (various references)

Hungarian		jövedelemkimutatás. (various references)

Italian		conto spese e rendite (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), conto profitti e perdite (profit and loss account), conto perdite e profitti (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), conto economico (earning statement, profit and loss account, profit and loss statement, statement of loss and gain). (various references)

Pig Latin		incomeay atementstay

Portuguese		conta de resultados de exercício (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), conta de resultados (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), conta de perdas e lucros (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), conta de lucros e perdas (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), conta de ganhos e perdas (earning statement, profit and loss account, profit and loss statement, statement of loss and gain). (various references)

Spanish		cuenta de resultados (profit and loss account), cuenta de pérdidas y ganancias (profit and loss account). (various references)

Swedish		vinst och förlusträkning (earning statement, profit and loss account, profit and loss statement, statement of loss and gain), resultaträkning (earning statement, profit and loss account, profit and loss statement, statement of loss and gain). (various references)
Source: compiled by the editor from various translation references.

Misspellings
	"Income Statement" is suggested in spellcheckers for the following: income statment. (additional references)
Source: compiled by the editor, based on several corpora (additional references).

Scrabble® Enable2K-Verified Anagrams
	Words within the letters "a-c-e-e-e-i-m-m-n-n-o-s-t-t-t"
	-3 letters: cementations.
	-4 letters: cementation, commentates, enticements.
	-5 letters: ancientest, atonements, attentions, cementites, commentate, committees, contestant, emittances, enactments, encasement, enticement, immanences, maisonette, mentations, mincemeats, sententiae.
Source: compiled by the editor from various references; see credits. SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro.

Hexadecimal (or equivalents, 770AD-1900s) (references)

49 6E 63 6F 6D 65 53 74 61 74 65 6D 65 6E 74

Leonardo da Vinci (1452-1519; backwards) (references)

Binary Code (1918-1938, probably earlier) (references)

01001001 01101110 01100011 01101111 01101101 01100101 00100000 01010011 01110100 01100001 01110100 01100101 01101101 01100101 01101110 01110100

HTML Code (1990) (references)

&#73 &#110 &#99 &#111 &#109 &#101 &#32 &#83 &#116 &#97 &#116 &#101 &#109 &#101 &#110 &#116

ISO 10646 (1991-1993) (references)

0049 006E 0063 006F 006D 0065 0053 0074 0061 0074 0065 006D 0065 006E 0074

Encryption (beginner's substitution cypher): (references)

Expression	Frequency per Day
income statement	226
sample income statement	38
income statement example	15
income statement template	13
pro forma income statement	8
income statement format	8
income statement balance sheet	7
income statement form	6
proforma income statement	4
accounting and income statement	4
definition income statement	4
company income statement	2
income statement tcby	2
Source: compiled by the editor from various references; see credits.

Income Statement

Definition: Income Statement