It's one of three primary financial statements. Focuses on income and expenses over a specific period. Aims to report a company's net income or earnings. Essential for assessing financial performance.

Discretionary income is your income you have left over paying taxes and taking care of your necessities for living. Discretionary income can be determined by keeping track of how you're spending money ...

One thing that separates fledgling investors from the pros is reading financial statements. For amateurs, comparing the so-called headline numbers — sales and earnings — to estimates is the full ...