Statement of Income Archives

Understanding and Improving Your Statement of Income: The CPA Advantage

January 30, 2024
Nizam Shajani, Partner, LLM, CPA, CA, TEP, MBA
Accounting, Tax Planning

As a Canadian Chartered Professional Accountant (CPA), I often come across family-owned enterprises seeking to understand the health of their businesses. A crucial component of this understanding lies in the statement of income. But what makes a statement of income…

Demystifying the Statement of Income: Insights from a Seasoned CPA

December 24, 2023
Nizam Shajani, Partner, LLM, CPA, CA, TEP, MBA
Accounting, Tax Planning

The Statement of Income, often referred to as the Income Statement or Profit and Loss Statement, is a critical financial document that offers a detailed overview of a company’s revenue, expenses, and profitability over a specific period. As an experienced…

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