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The Management Income Statement is the single-most important financial report essential for the effective management of any organization. Often used to create a "common language" for the organization, it is used by managers in all functional areas--from first-line managers to the CEO and board of directors.

This course is specifically aimed at helping non-financial managers to read, understand and use the Management Income Statement as an important management tool. The course helps you become an intelligent consumer of your company's financial information, and enable you to be proactive with your Finance & Accounting team and articulate your reporting needs as manager.

This course covers:

  • What a Management Income Statement is, and how to use it as a tool for running your business.
  • Line-by-line review of what goes into a comprehensive, solid Management Income Statement.
  • Other considerations to be aware of--including content formatting.
Learning Objectives
  • Identify key elements of a typical Management Income Statement
  • Identify how the Management Income Statement helps you make management decisions
  • Recognize ratios and other metrics that allow you to gain deeper insight into your organization’s operations than what you can learn from the raw numbers by themselves
Last updated/reviewed: August 27, 2023
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6 Reviews (19 ratings)

Reviews

4
Anonymous Author
Very high level, but a useful overview of how the management income statement should look.

4
Anonymous Author
A good overview of a management income statement. Easy to follow.

4
Member's Profile
Helpful course to give you a different perspective.

4
Member's Profile
Good to know the users of the statements

Anonymous Author
Good information in this course!

4
Member's Profile
very informational

Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
Understanding The Mgt. Income Statement
  The First Look7:07
  Revenue and Expenses9:17
Rows, Columns, and Ratios
  Rows13:34
  Columns10:01
  Ratios8:45
CONCLUSION
  Other Scenarios and The Wrap Up9:34
Continuous Play
  Understanding the Management Income Statement: A Course for Non-Finance Professional1:05:52
SUPPORTING MATERIALS
  Slides: Understanding the Management Income StatementPDF
  Understanding the Management Income Statement Glossary/IndexPDF
REVIEW & TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam