The Income|Outcome^® Contextuary

A Visual Glossary of Corporate Finance

This illustrated glossary uses Visual Finance™ to provide a contextualized 'big picture' view of financial results. The examples feature data for the Round Number Company—a 'made-up company' with simplified figures. The Appendix presents an explanation of how to read Visual Finance as well as the financial statements and VF views for the Round Number Company.

Discounting Sales

Reduction in the sales price of goods and services, often to entice additional sales. This can be based on volume, seasonality, obsolescence, a changed competitive environment, or future commitments by the customer.