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STATEMENT OF INCOME - Coggle Diagram

- - - - By comparing this value with the same Company and others over the years, the progress in profit can be better judged.
    - - Few figures in a financial statement can be considered highly significant on their own. What is important is its relation to other quantities, or the value and direction of changes since its previous date (trends). This is the technique we use to analyze the results.
- - - - Interest paid in advance: It is the interest that is paid before the due date of the credit. This case occurs in loans in which interest is discounted to the amount originally received. Development expenses.
        
        The Financial Margin: is the difference between the returns of one or more financial products minus the cost of the resources obtained from other agents (through loans or other means). Financial margin is an indicator that measures the difference between financial income and costs.
        
        Commissions Earned is an accounting category that appears on the income portion of the income statement. It reflects the income obtained from the provision of services during the period of time indicated at the top of the return. A business can receive income from many different sources.
        
        Net income is the total amount of money that is incorporated into the budget or assets of an entity, be it public or private, individual or group, discounting the expenses related to taxes, commissions or amortizations.
        
        General and Administrative Expenses: These are the expenses that correspond to the general offices, the accounting department, the personnel office, the credit and collection department and other activities other than the sale of merchandise. It is a subdivision of Operating Expenses.
        
        A bad debt provision is a type of hedge account established by many companies. The primary function of this type of account is to provide a cushion against customer bills that are unpaid for extended periods of time.
        
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