The three things that the financial manager should keep in mind while viewing the income statement. Introduction: The income statement helps to determine the income of an organization for a given accounting period. The income determined by the income statement refers to the difference of revenues and expenses of an organization. The organization prepares its income statement yearly or quarterly.

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Chapter 2.2, Problem 2.2BCQ

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To discuss: The three things that the financial manager should keep in mind while viewing the income statement.

Introduction:

The income statement helps to determine the income of an organization for a given accounting period. The income determined by the income statement refers to the difference of revenues and expenses of an organization. The organization prepares its income statement yearly or quarterly.

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