Profit and loss statement (P&L)
Profit and loss statement (P&L)A set of accounts, usually prepared annually, which depict a company's trading performance and are normally read in conjunction with the balance sheet and cash flow data. The profit and loss account can broadly be shown as follows:Turnover (sales) less manufacturing costs (or cost of sales if for example a retailing company) = gross profit or lossGross profit plus any non-trading income less operating costs = operating profit Operating profit less interest payments on bank loans or loan stock = profit before tax (pre tax profit)Pre-tax profit, less tax = net profit after taxPart of the net profit after tax may be used to pay a dividend with the balance being retained within the business for future investment.
Uniform Settlement StatementUniform Settlement Statement
The Standard HUD Form 1 required to be given to the borrower, lender and seller at, or prior to, settlement.
Disposition of Real Estate StatementDisposition of Real Estate Statement
A statement that the buyer will occupy the property being purchased even though the buyer owns other property. The buyer states that the other property will be sold or rented. Particulars must be given as to any loan on the property and the equity or rent to payment amounts.
Opportunity StatementOpportunity Statement
A concise description of a process in need of improvement, its boundaries, and the general area of concern where a CQI Team should begin its efforts.
Statement of Additional Information (SAI)Statement of Additional Information (SAI)
A document provided as a supplement to a mutual fund prospectus. It provides more detailed information about fund policies, operations, and risks. Also known as a Part B prospectus.
Completion statementCompletion statement
A statement, prepared by the seller, stating exactly how much the buyer should be paying on completion.
Further SuggestionsPurpose statement
Pro forma statement
statement of account
Annual mortgagor statement
Statement of condition
Income statement (statement of operations)
Statement of Financial Accounting Standards No 8
Notes to the financial statements
Statement of Financial Accounting Standards No 52
Statement of Cash Flows Method
Combined financial statement
Percentage financial statement
Consolidated financial statement