Income statement

An income statement is an essential report for all the business's stakeholders. We'll take an executive's perspective for our user story.

Note

As an executive, I want to know whether the business made or lost money over a certain period of time. I also want to know the possible reasons for this result so that I can measure the results of the strategic actions that I took during that period.

Financial statements have been around for so long that most business users are going to want to see them in the format that they are accustomed to. As legacy reporting in QlikView involves using advanced methods, let's take the time to create them in their standard format. We will then look at how we can make a report more visual and easier to understand at a glance.

In the following income statement example, we start by calculating the sales that we generated during the course of the year. Proceeding downward through the report, we subtract the costs and expenses that...