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  • Posted By: mickdano
  • Date Posted: 10/01/2012
  • Category: Technology
  • Words: 394
  • Pages: 2
  • Views: 642
  • Rank: 234

Analysis of Riordan's Income Statement

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Analysis of Riordan's Income Statement

Analysis of Riordan's Income Statement


An income statement is used to measure a company's financial performance over a specific accounting period. It is a summary of how the financial operations conduct business during this time frame ("Income Statement", 2012).


Riordan Manufacturing's income statement is set on a twelve month financial time frame showing statistics and financial practices from September 1st, 2010 to September 30th, 2011. It is general practice to understand that not all income statements are the same but do follow a simple principle. To draw a detailed pictured for possible investors and analysts (Apollo Group, Inc., 2005, 2006, 2012) (Kennon, 2012).


At first glance, the Riordan income statement shows the amount of money that was made during the financial time frame indicated. This is called the revenue or total sales (Apollo Group, Inc., 2005, 2006, 2012). Down the line would be the Cost of goods or on Riordan's income statement the Operating expenses. This section covers the needs of the company's over all operating expenditures (Apollo Group, Inc., 2005, 2006, 2012) (Kennon, 2012). What was spent in the 12 month time frame to operate the entire company. In most cases, this section is detailed to show particular areas and spending habits. This assists possible lenders and analysts in making positive decisions. After the Operating expenses is the section for Gross profit, or Profit before interest and taxes on Riordan's statement (Apollo Group, Inc., 2005, 2006, 2012) (Kennon, 2012). This area in the list is the total revenue or profit subtracted by the operating costs. It shows how much money is left after operating expenses are paid. This is before taxes and salary, office supplies and so forth. Which are next on the list and added to display the Total non-operating expenses part of the statement. ...

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