The Income/Outcome^® Contextuary

a visual glossary of corporate finance

Income/Outcome Business Simulations Home

This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.

We use "business visualization" to graphically simplify complex business concepts (and increase business acumen). To get more information on business visualization, please see "The Company Board" (our business results visualizer) and Income/Outcome (our customizable business simulation).

The following are our generic explanations of common corporate financial terminology. Actual meanings can vary wildly from company to company; in order to have the correct internal definition you need to ask your Finance Department, "What do you mean by that?"

To get more information about the authors, please see our Directory of Contributing Editors.

Income Statement

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A summary of the income and expenses for the company over the operating period – a financial History Book for the fiscal period (month, quarter, year).

The right side of the The Company Board (and of the Income/Outcome business simulation game board) is an Income Statement. See also Balance Sheet.

Full it flag term list.

The Income/Outcome® Contextuary

a visual glossary of corporate finance

Income Statement

The Income/Outcome^® Contextuary