Excel Tutorial: How to Create an Income Statement

In this video video you will learn how to build an income statement in Excel with data for any company. The income statement summarizes the results of a firm's operations over a period of time. The income statement tells us the total revenues and expenses for the time period and also contains several different measures of the accounting profits earned by a firm. Typically, income statements are prepared for different time periods, usually, monthly, quarterly, and annually.