Financial records provide detailed information about the financial activities of a company.

Owners' equity is the value of the business after liabilities are subtracted from assets.

An income statement usually covers a five-year period.

The income that a business receives over a period of time is called profits.

When expenses are greater than income, a net loss occurs.

Financial performance ratios compare a company's financial elements to its competitors.

With direct deposit, net pay is transferred electronically into the employee's bank account.