The Income Statement: How to Read Financial Statements Like a Pro (Part 2)
A Crash Course in Balance Sheets, Income Statements, and Statements of Cash Flows Welcome back friends! Today we’ll be diving into part 2 of 3 of our miniseries on analyzing financial statements. In this module, we’ll be learning all the income statement. And for those of you who missed it, check out Part 1 of the miniseries: The Balance Sheet. Let’s jump in, shall we? Part 2: The Income Statement The income statement, also known as the Statement of Profit and Loss, shows a company’s income and expenses over a defined period of time. If you’re looking at a company’s annual 10K report, you’ll oftentimes see the income statement is shown over period…