The Income Statement report presents the net result of a company's revenues, minus expenses, over a given period of time. In other words, the Income Statement bottom line is an indication of how much profit the company has made during the period.

In this chapter, you will learn how to create a regular Income Statement report using an Excel worksheet. In the second part of this book, Analyzing Financial Statements and Creating Management Financial Reports, you will learn how to:

4 Interpret Income Statements.

4 Analyze Income Statements.

4 Create Income Statements that enable management to make business decisions.

4 Generate monthly, quarterly or annual accumulated Income

Statements based either on a calendar or on fiscal reporting periods.

4 Analyze profit centers.

Chapter 5

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