What is a Funds Flow Statement?
A funds flow statement is a financial statement that shows how funds have moved in and out of business during a specific period of time. It is a tool used by businesses to understand their cash flow and identify areas where they can improve their financial position. The funds flow statement captures the movement of […]
What is the Cost of Goods Sold? Definition | Formula
Cost of Goods Sold (COGS) is a financial metric representing the cost of the products or services a company sells during a given period. It is an important expense item on a company’s income statement and is calculated by subtracting the cost of goods sold from the company’s revenue. COGS is calculated using the direct […]