Companies/organizations must ensure that managers, controllers and financial directors meet regularly to discuss the profits and losses that will appear on the monthly income statements. According to an article titled Income Statement Format, Components, and Purpose, “The income statement components format allows you to break down an entity's revenues, expenses, operating income, and earnings.” It is also stated that the income statement is one of the three critical corporate financial statements for investor analysis. Regardless of how a company/organization defines an income statement, the use of the income statement should be a familiar tool to all managers, leaders, CFOs and other financial professionals. MAIN TYPES OF EXPENSES THAT ARE INDICATED IN THE TYPICAL INCOME STATEMENT According to an article entitled "Income statement", the main types of expenses indicated in the typical income statement are as follows:~