operating statement

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operating statement

A manager reviews the operating statement during a quarterly meeting.

Definition

Noun: A financial report summarizing a company's revenues, expenses, and profits or losses over a specific accounting period, such as a quarter or a year. It provides a detailed account of the company's operational performance, showing how revenue is transformed into net income.

Usage

The term is used in business, accounting, and finance contexts to refer to a formal document that presents a company's financial performance from its core operations. * The board reviewed the operating statement before approving the annual budget. * A clear operating statement is essential for investors to assess a company's profitability.

Examples
  • The quarterly operating statement revealed a significant increase in sales revenue.
  • Analysts compared the operating statements from the last three years to identify trends.
  • Preparing an accurate operating statement is a key task for the accounting department.
Advanced Usage
  • In Management Discussion: Often discussed in relation to specific line items like "cost of goods sold" or "operating income" found within the statement.
    • The CEO focused on the marketing expenses detailed in the operating statement.
  • As a Component of Full Reporting: It is a primary component of a company's complete financial statement package, which also includes the balance sheet and cash flow statement.
Variants and Related Words
  • Income Statement: The most common and direct synonym for an operating statement.
  • Profit and Loss Statement (P&L): Another widely used synonym.
  • Statement of Operations: A more formal variant of the term.
Synonyms
  • Income Statement
  • Profit and Loss Statement (P&L)
  • Earnings Statement
Related Phrases
  • To generate an operating statement: The process of creating this financial report.
    • The software helps accountants quickly generate an accurate operating statement.
  • Contained in the operating statement: Used to specify where certain financial information is found.
    • The figures for administrative costs are contained in the operating statement.
operating statement

A manager reviews the operating statement during a quarterly meeting.

Noun
  1. a financial statement that gives operating results for a specific period

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