A financial
statement that represents the details of the company's
profit-related activities over a period of
time. The
statement lists the
revenues and totals them, followed by a listing of the
expenses also totalled which is then subtracted from the total
revenue to display the
net income.
Fundamentally, this statement is prepared by the
accountants of the
firm so that those in
managerial positions can sit on their asses and easily pinpoint how much
profit is being made. Upon becoming displeased with the amount of
profit the
company makes,
managers will become power driven
yuppies on a laying-off or
cutbacking spree. Fortunately, these children wearing
business suits are likely to be removed from their positions and the head
accountant can easilly usurp the bastard
boss' position hanceforth becoming a bastard
boss himself. I'm thinking
vicious circle, especially since
accountants have the power to place the financial stick up their
boss' ass in the first place.