A practical, step-by-step course that will accelerate your understanding of how to perform this critical aspect of company analysis.

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1.5 hours of lessons

Learning is convenient and straight-forward with this short, but effective course. We focus on the important items and concepts.

Practical Activities

Download the supporting Excel spreadsheet and complete all the practical activities, to really solidify your learning.

Lifetime Access

You will receive unlimited lifetime access, so you can learn at your own pace and revisit lessons as often as you need to.

Understand the financial strength of a company and start making better decisions.

The income statement (also known as the Profit and Loss account) is one of the most important financial statements for a company. By learning to read, prepare and analyse these figures, you'll be able to make more informed decisions regarding a business.

Whether you're an investor, a business owner or simply looking to enhance your career, by learning this critical skill you'll be improving your ability to take the right actions at the right time.

What may have previously seemed like a sheet of numbers will take on new meaning, revealing insights about a company's performance and the competency of its management.

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How the income statement is used

You'll learn the role of the income statement within a company's financial statements, including when and what it's appropriate to use it for.

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How to decipher the statement line-by-line

You'll learn to read and make sense of the figures and terminology, even if you have no financial experience. We will break it down one step at a time.

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Uncovering secrets hidden in the numbers

The real story of the income statement comes when you know how to analyse the numbers. You'll learn a toolbox of ratios that will help you discover what the figures are really showing you in any company.

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How to build the statement from scratch

Understanding your financials as a business owner can be the difference between success and failure. By the end of this course, you'll be ready to build your own income statement and uncover your own findings.

"I have been a huge advocate among everyone I know for the Duomo Initiative. Everything that they produce is always fantastically prepared and takes even those who have no experience in the finance industry whatsoever into consideration."

James Jacques
Course Member

What’s in the course

The lessons are designed to provide an optimised and efficient learning experience.

By completing all the modules, practical activities and quizzes, you will have a solid, practical understanding of income statements.

The course has been broken down into sections covering the core skills you will need to develop: how to read the income statement, how to prepare your own one and how to analyse it using ratios to uncover essential insights.

Here's a preview of what you can expect (click each tab to find out more)...

We'll kick things off by looking at the main components of the income statement and what it shows us compared to the other parts of the financial statement.
The structure of the income statement follows an equation. Once you understand this, the company information will be more logical and make more sense. This is the first step in making the statement straight-forward and easy to understand.
Building an income statement from scratch can feel daunting, but as a business owner it's really important. By breaking this section down into a series of practical activities, you'll grasp the process much easier through active learning. It's really simple to do!
This is where things get really interesting. If you're an investor or analyst, this is where you'll really get hands-on and start being able to diagnose a company's financial health. These ratios help you to figure out the real story behind the numbers. Sometimes things aren't all they seem to be!
Throughout the entire course you'll be taking part in activities based on a case study of a fictitious company. This spreadsheet has been designed to assist your learning and can also be used as the basis for any future income statements you build.

"Financial statements can seem daunting if you don't know what you're really looking at. In this course, we remove that uncertainty and give you the confidence to work through an income statement on your own.
Whether you're an investor, an entrepreneur or pursuing a career in finance, this is an essential skill that you need to learn. With this course, we have you covered!"

Nicholas Puri
Course Instructor

Course Features

Here's some of what you can expect from this course:

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Over 1.5 hours of Video Lessons

Practical and theoretical lessons taught in the typical, engaging Duomo style.

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Practical Activities

Engage in active learning with hands-on activities using our supporting Excel file, to enhance your learning.

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Interactive quizzes

Test your understanding and see how far you've come with challenging quizzes in each section.

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Access Any Time

Learn at your own pace and access the course as often as you need to, day or night!

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Text Modules

Detailed text modules to support a rich learning experience.

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Available on Mobile

You can learn anywhere; during your commute, at the gym or even on your lunch break.

The Duomo Initiative

Who will benefit from this course?

We want our students to be 100% happy and engaged with what they are learning. Here's who this course is designed for...

Who is this course for?

If you want a course that is going to teach you how to prepare, read and analyse an income statement in a practical and efficient way, this course is for you.

Our members come from a range of experience levels and will all finish the course with a practical understanding of the income statement. This course is for people that want to get straight to being able to actually use this information and not spend months learning unnecessary details and regulations.

If you want to spend a few hours learning and already be able to dissect and analyse an income statement, you're in the right place.

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Who is this course NOT for?

If you're looking for an exhaustive accountancy course that is going to teach you every single detail and regulation needed to be a practicing accountant. This course is not for you.

This course is not designed to replace a full education in accountancy, for those people that are looking for a career in this field. This course is designed for people that want a practical understanding of this skill, for their own purposes.

However, if you are looking for an introduction into the subject before deciding on a career in accountancy, this course is appropriate.

Ready to get started?

Enroll now and get instant access to your exciting new learning journey..