This course offers an in-depth look at the components of a functional income statement, emphasizing the critical distinction between income and expenses. Participants will learn to categorize various types of revenues and expenses, understand the structure of a multi-step income statement, and analyze how these elements combine to determine a company's financial performance. By the end of the course, attendees will be proficient in interpreting income statements to make informed business decisions and evaluate the profitability of an entity.