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. …

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 …

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 …

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.

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.

Download various income statement samples & templates: multi step income statement, pro forma income statement, single step income statement examples. FREE

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 …

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.

The multi-step income statement format comprises a gross profit section where the cost of sales is deducted from sales, followed by income and expenses to reach an income before tax.