Companies use financial statements -- income statements, balance sheets and cash flow statements -- to track and assess their operational and financial performance. According to a survey administered ...

Michael Schmidt, CFA, is a staff member of FINRA's Dispute Resolution Board with 20+ years of experience in the financial market. Thomas J. Brock is a CFA and CPA with more than 20 years of experience ...

A company reports revenues and expenses on its income statement. Since most companies use accrual accounting, the income statement reveals little about cash flowing into and out of the business. To ...