In contrast, increased revenues with constant COGS indicate that a company has made improvements to its systems and processes, thus boosting overall business efficiency. For publicly-traded companies, gross profit can be found on the income statements right after the COGS line item. See lower in the article for an example using Microsoft’s income statement. gross […]

By estimating and allocating their income and expenses, budgeting and reporting help organizations to ensure that they have enough funds to cover their costs, invest in their growth, and generate a surplus. What are budgeting and reporting and why are they essential for financial management? One of the most crucial aspects of financial management is […]