Net income after tax doesn't appear on the balance sheet, but the net income (or loss) you earn eventually shows up on the balance sheet as an increase or decrease in assets.

There are several ways to examine how profitable a company is by using its income statement and accounting balance sheet. Most of the time, the number itself may not mean a lot unless it is ...

Learn financial statement analysis techniques, including horizontal, vertical, and ratio analysis, to assess company ...

An income statement shows the ability of a company to generate profit while a balance statement shows a business’s assets and liabilities. Discover the importance and how to read them.

Discover what goodwill in accounting means, how to calculate it, and its role during acquisitions. Learn about goodwill ...