on the income statement vs in the income statement

Both 'on the income statement' and 'in the income statement' are commonly used phrases in English. The choice between them depends on the context in which they are used.

Last updated: March 29, 2024

on the income statement

This phrase is correct and commonly used in English.

This phrase is used when referring to specific items or figures that are presented or recorded on the income statement of a company.

Examples:

The revenue is reported on the income statement.
Expenses are detailed on the income statement.
Profit margins are calculated on the income statement.

Show examples from the web [+]

If basic and diluted earnings per share are equal, dual presentation can be accomplished in one line on the income statement.
Entities are encouraged to present the analysis in paragraph 88 on the face of the income statement.
The analysis may be presented in the notes or on the face of the income statement.
Under IAS 1 the entity presents any gain or loss arising from remeasurement of such an instrument separately on the face of the income statement when it is relevant in explaining the entity's performance.
On the income tax statement of two sampled exporting producers/groups of exporting producers there is an amount exempted from income tax.
An entity that reports a discontinuing operation shall disclose the basic and diluted amounts per share for the discontinuing operation either on the face of the income statement or in the notes to the financial statements.
The following items shall be disclosed on the face of the income statement as allocations of profit or loss for the period:
This standard does not specify whether an entity should present current service cost, interest cost and the expected return on plan assets as components of a single item of income or expense on the face of the income statement.
If it is presented on the face of the income statement it shall be presented in a section identified as relating to discontinued operations, i.e. separately from continuing operations.
Basic and diluted earnings per share shall be presented on the face of an income statement, complete or condensed, for an interim period.
the gain or loss recognised in accordance with paragraphs 20-22 and, if not separately presented on the face of the income statement, the caption in the income statement that includes that gain or loss;
An entity shall disclose, either on the face of the income statement or the statement of changes in equity, or in the notes, the amount of dividends recognised as distributions to equity holders during the period, and the related amount per share.
a single amount on the face of the income statement comprising the total of:
Estimate of the return (NPV) on an investment of FRF 5,88 billion using the MDD model based on the projected income statement of EDF 1997-2000 (Table 1) (billion FRF)
if it is not disclosed separately on the face of the income statement, the amount of compensation from third parties for items of property, plant and equipment that were impaired, lost or given up that is included in profit or loss.
Value adjustments and recoveries recorded directly to the income statement shall be disclosed separately.
Any increase or decrease in the liability relating to financial guarantees is taken to the income statement under fee and commission income.
For credit institutions using the income statement of IFRS 7, the variable may be limited to dividend income only.
The French authorities state that the income statements of CCI-airport show that there is no overcompensation.
The income statements of the two entities display a similar difference is size and scope.

Alternatives:

on the financial statement
on the statement of income
on the profit and loss statement
on the P&L statement
on the statement of earnings

in the income statement

This phrase is correct and commonly used in English.

This phrase is also used when referring to items or figures that are included within the income statement of a company.

Examples:

The new expenses are reflected in the income statement.
Changes in revenue are shown in the income statement.
Important financial data is contained in the income statement.

Show examples from the web [+]

The gain or loss arising from such translation is recorded in the income statement.
The Facility reviews its problem loans and receivables at each reporting date to assess whether an allowance for impairment should be recorded in the income statement.
This standard requires that all items in the income statement are expressed in terms of the measuring unit current at the balance sheet date.
The Commission also analyzed the relevant figures in the income statement of Sinosure's Annual Reports covering the years 2006 through 2011 submitted by Sinosure to justify the profitability figures reported in its questionnaire reply.
The changed estimates are used in the determination of the amount of revenue and expenses recognised in the income statement in the period in which the change is made and in subsequent periods.
when the appropriate portion of gains or losses resulting from a contribution of a non-monetary asset to a JCE in exchange for an equity interest in the JCE should be recognised by the venturer in the income statement;
Indeed, such costs were recorded as a cost in the income statement of the two exporting companies and could directly be linked to the like product.
The expected return on plan assets is one component of the expense recognised in the income statement.
Dividends classified as an expense may be presented in the income statement either with interest on other liabilities or as a separate item.
The fee shall be presented in the income statement based on its economic substance and nature.
The premium received is recognized in the income statement under item Net fee and commission income on a straight line basis over the life of the guarantee.
Interest income on treasury is recognised in the income statement of the Facility on an accrual basis.
The resulting deferred tax is recognised in the income statement, except to the extent that it relates to items previously charged or credited to equity (see paragraph 63).
Although such items are separately disclosed, it may be helpful if they are presented together with the gain or loss on net monetary position in the income statement.
Contract costs are usually recognised as an expense in the income statement in the accounting periods in which the work to which they relate is performed.
The carrying amount of the asset is reduced through the use of an allowance account and the amount of the loss is recognized in the income statement.
Resulting adjustments include the unwinding of the discount in the income statement over the life of the asset, and any adjustments required in respect of a reassessment of the initial impairment.
In the following year (20X2), the entity recognises in the income statement an actuarial gain of 25 (1525 less 1500) divided by the expected average remaining working life of the employees concerned.
IAS 21 requires certain exchange differences to be recognised as income or expense but does not specify where such differences should be presented in the income statement.
Under the percentage of completion method, contract revenue is recognised as revenue in the income statement in the accounting periods in which the work is performed.

Alternatives:

in the financial statement
in the statement of income
in the profit and loss statement
in the P&L statement
in the statement of earnings

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on the income statement vs in the income statement