Key components of an income statement There are several key components of an income statement, and knowing them can go a long way toward helping you interpret one of these documents effectively.

The income statement is a financial document that demonstrates the financial performance of a business based on its income and how this has changed over a period of time, usually 12 months.

Components of a Cash Flow Statement The cash ... Alternatively, the indirect method starts with net income from the income statement and adjusts it for non-cash items and changes in working ...