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 …

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 …

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.

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.

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 …

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.

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.

Jul 9, 2025 · In this guide, we'll explain what an income statement is, including the elements it includes and a step-by-step walkthrough of how to prepare one. We'll also share a simple income statement …

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.

Download our free income statement template to track your company's financial performance and make informed business decisions.