ITAT Delhi held that interest expense relating to prior period expenditure is allowable since from the financial positions and profitability declared in the financial statement, it shows that it has ...

Accrued revenue is revenue that has been earned by the company but not collected. Here's what investors need to know.

Calculate interest for notes using a 360-day year for accuracy. Record interest revenue as it accrues, before actual cash is received. Adjust entries for accrued interest to match revenue ...

Nine Nigerian banks generated a combined interest income of N14.26 trillion in 2024. This is according to an analysis of the audited financial results of ...

Bank of America also cited a boost from lower deposit costs and fixed-rate asset repricing that partially offset the impact of decreased interest rates and one less day of interest accrual.

This was the highest BSP net income on record, based on available data. The central bank’s revenues jumped by 41% year on year to P300.4 billion in 2024 from P212.7 billion in 2023. Broken down, the ...

Accrued interest is recorded as an expense or as revenue on the income statement, depending on whether the interest is being paid or received.

Interest income refers to the revenue earned by a company from its interest-bearing assets. This income is generated from investments such as bonds, loans provided to others, or even cash held in ...

New York | JPMorgan Chase & Co reported a surprise gain in net interest income for the third quarter and raised its forecast for the key revenue source, even amid expectations that US interest ...

Learn what an income statement is, its key components (revenue, expenses, profit), and why it's important for financial analysis.

PHILIPPINE Business Bank’s (PBB) net income rose by 4.63% to P511.47 million in the first quarter, driven by robust interest income. Return on assets and return on equity stood at 1.35% and 11.23%, ...

An income statement can be used for gauging the health of a business and making strategic decisions. This guide explains how to prepare an income statement ...