Financial Statement Analysis

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Basics of Financial Statements

Nature of Expenses

Nature of Revenues

Revenue is the amount received or receivable within the accounting period from the sale of the firm’s goods or services.
Operating revenue is the one that arises from main operations of the firm, and the revenue arising from other activities is called non-operating revenue.

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Nature of Expenses

Expense is the amount paid or payable within the accounting period for generating revenue.
Examples: raw material consumed, salary and wages, power and fuel, repairs and maintenance, rent, selling and marketing expenses, administrative expenses.
Expenses are expired costs and capital expenditures represent un-expired costs and appear as assets in balance sheet.

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financial condition

financial activities