Analyzing Profitability Measuring Income Income is defined as revenues less expenses over a reporting period This definition does not yield a unique amount because ofa 三 stimation ssues ☆ Accounting Methods Incentives for Disclosure A Diversity across UsersAnalyzing Profitability Measuring Income Income is defined as revenues less expenses over a reporting period This definition does not yield a unique amount because of: ❖ Estimation Issues ❖ Accounting Methods ❖ Incentives for Disclosure ❖ Diversity across Users