Income (Net Income) Net Income is the difference between revenue and the cost orexpensesincurred by a business in a particular accounting period. It is also known as the profit of a business. Income leads to an increase in the value ofassetsin a business. ...
As with other accounting measures, net income is susceptible to manipulation through such techniques as aggressive revenue recognition or hiding expenses. When basing an investment decision or evaluation on it, investors and analysts review the quality of the numbers that were used to arrive at it, ...
Chapter 1: Financial Statements 1. Net income: = total revenue – total expense 2. Assets = Liabilities + Equity 3. Beginning retained earnings + Net income – Dividends = Ending retained earnings Chapter 3: Accrual accounting and the financial statements 1. Net working capital = totalcurrent a...
Definition of Net Income Under the accrual method of accounting, net income is based on the following: revenues earned during the accounting period (not in the period when the money is received) minus the expenses incurred in the accounting period (not in the period when the money is disbursed...
Net income (NI) is calculated as revenue minus expenses, interest, and taxes. Earnings per share (EPS) are calculated using NI. Investors should review the numbers used to calculate NI because expenses can be hidden in accounting methods, or revenues can be inflated. ...
就是会计科目：净收益。Service costs属于企业费用，在算Net income时，需要把Service costs扣掉。
1、,Net income,Chapter 14,Intermediate Accounting 12th Edition Kieso, Weygandt, and Warfield,Learning Objectives,了解利润的形成 Identify differences between pretax financial income and taxable income. Describe a temporary difference that results in future taxable or deductible amounts. Explain the purpose...
What is the difference between net cash flow and net income? What do negative variances indicate? What is the difference between income and profit? Related In-Depth Explanations Accounting Basics Accounting Equation Balance Sheet Income Statement Stockholders' Equity Mark the Question as Re...
The Net Profit Ratio, also known as the net profit margin or the net income ratio, is a key financial metric that reveals the profitability of a company. In simpler terms, it shows how much profit a company retains after deducting all expenses, taxes, and interest from its total sales. ...
income tax accounting 所得税会计 form of accounting statement 会计报表的格式 national income accounting system 【经】 国民收入会计制度 相似单词 accounting n. 1.会计;会计学;会计制度 2.会计业务或能力 3.账单;借贷对照表 4.记账;结账;结算;决算 5.人各有所好。 microaccounting 微观会计 macroac...