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Where can I find EBIT on financial statements?
EBIT, which stands for Earnings Before Interest and Taxes, can typically be found on the income statement of a company's financial statements. It is calculated by subtracting operating expenses from gross revenue.
Calculate net interest margin from bank financial statement?
I have the published financial statements of commercia banks, I would like to identify the elements used to calculate the 'net interest margin' Thanks
Do Assets always equal the financial interest of creditors plus the financial interest of the owner?
I am wanting you to provide an answer
Are bondholders considered creditors in a company's financial structure?
Yes, bondholders are considered creditors in a company's financial structure because they have lent money to the company and expect to be repaid with interest.
How do you treat interest on advance payment of tax in financial statements?
there is no interest on advance payment of tax
What are the Purpose and objectives in financial statement?
The main objective of financial statements is to provide relevant and reliable information about the financial performance and position of an entity to a wide range of users to assist them in forming their economic decisions. For example, investors require financial statements to judge the profitability of their investments. Lenders require them to assess the credit worthiness of potential clients. Management requires financial statements to manage the affairs of the company in the interest of shareholders. Government may require financial statements to assess the accuracy of tax returns.
What is the purpose of financial accounting?
The purpose of financial accounting is to provide financial statements and financial reports to individuals who require them. This includes preparing a balance sheet, income statement, cash flow and notes. People that use this information usually have an interest in the company due to investment or ownership.
Where can I find EBITDA on financial statements?
EBITDA can typically be found on a company's income statement, which is a financial statement that shows a company's revenues and expenses over a specific period of time. EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, and is a measure of a company's operating performance.
Where is i reported in the financial statements?
Need more clarification: i = interest? (if expense: shown in income statement, under expenses. if revenue: shown in income statement, under revenues) i = investment? (is an asset, showin in the asset section of the balance sheet) i = income? ( shown in the income statement)
Where does interest payable belongs in the elements of financial statement?
liability
How is Interest Expense with a credit balance classified in the financial statements?
An Interest Expense with a credit balance is reclassified as Interest Payable on the Balance Sheet.
What is a unconsolidated balance sheet?
When there is parent subsidiary relationship exists and in that case if separate financial statements are prepared by both parent and subsidiary company those statements are called unconsolidated statements.
