Term paper topic should address some aspect of Corporate Finance

The income statement is a financial report that analyses the profitability of a firm. The income statement at the top shows the revenues a firm generated during an accounting period. Revenues are the most important metric for companies because they provide the money that is used for operating expenses and other business costs. The last output of the income statement is the net income generated by a company. Users of financial information pay close attention to the income statement because this report provides information regarding the operating results of a firm including whether a company had gains or losses. When a company has net losses for more than one accounting period the firm may run out of business and file bankruptcy. All financial statements including the income statement are