The income statement, also called the profit and loss statement, is a report that shows the income, expenses, and resulting profits or losses of a company during a specific time period. The income …

Please download CFI’s free income statement template to produce a year-over-year income statement with your own data. The above template is from CFI’s Financial Analysis Fundamentals Course.

Jul 31, 2024 · The income statement is an important financial statement that summarizes the operating results of the business by matching the revenue earned and expenses incurred to earn that revenue …

Dec 9, 2025 · The format of an income statement may vary, depending upon the local regulatory requirements, the diversified scope of the business, and the associated operating activities.

The income statement can be presented in a “one-step” or “two-step” format. In a “one-step” format, revenues and gains are grouped together, and expenses and losses are grouped together. These …

Dec 31, 2021 · Learn the income statement format and see how this financial statement is presented. An income statement starts with a heading made up of three lines. Income and expenses may be …

Jul 22, 2025 · An income statement shows you a company's profit or loss for a specific period. Learn how to read an income statement with a real example.

In this tutorial we'll learn the purpose of this key accounting report and go over a simple income statement example to learn its format and components.

Nov 20, 2025 · The template for an income statement is comprised of a header block and sections for revenue, cost of goods sold, G&A, and other items.

Guide to what is Income Statement Formats. We explain its format in excel, with examples, types and the formats in different countries.