Finance School of Management The Income statement Summarizing the profitability of a company du ur ing a time period the difference of revenues and expenses also to be called the statement of the earnings or the statement ofprofit and loss uesTc7 Finance School of Management The Income Statement ❖ Summarizing the profitability of a company during a time period. – the difference of revenues and expenses – also to be called the statement of the earnings or the statement of profit and loss