Net Income Measure: Difference between revisions

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** [[Gross Income]].
** [[Gross Income]].
** [[EBITDA Measure]].
** [[EBITDA Measure]].
* <B>See:</B> [[Profit (Accounting)]], [[Business]], [[Income]], [[Cost of Goods Sold]], [[Expenses]], [[Accounting Period]], [[Equity (Finance)]], [[Financial Statements]], [[IFRS Foundation]].
* <B>See:</B> [[Profit (Accounting)]], [[Business]], [[Income]], [[Cost of Goods Sold]], [[Expenses]], [[Accounting Period]], [[Equity (Finance)]], [[Financial Statement]]s, [[IFRS Foundation]].


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=== 2015 ===
=== 2015 ===
* (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/net_income Retrieved:2015-3-9.
* (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/net_income Retrieved:2015-3-9.
** In [[business]], '''net income</B> ('''net earnings</B>, '''net profit</B>, and informally, '''bottom line</B>) is an entity's [[income]] minus [[cost of goods sold]], [[expenses]] and taxes for an [[accounting period]]. It is computed as the residual of all revenues and gains over all expenses and losses for the period,<ref name=swsf>Stickney, et al. (2009) Financial Accounting: An Introduction to Concepts, Methods, and Uses. Cengage Learning. </ref> and has also been defined as the net increase in [[Equity (finance)|shareholders' equity]] that results from a company's operations.<ref name=nnp>Needles, et al. (2010) Financial Accounting. Cengage Learning. </ref> In the context of the presentation of [[financial statements]], the [[IFRS Foundation]] defines net income as synonymous with '''profit and loss</B>.          <P>        Net income is a distinct accounting concept from [[profit (accounting)|profit]]. Net income can also be calculated by adding a company's operating income to non-operating income and then subtracting off taxes.
** In [[business]], '''net income</B> ('''net earnings</B>, '''net profit</B>, and informally, '''bottom line</B>) is an entity's [[income]] minus [[cost of goods sold]], [[expenses]] and taxes for an [[accounting period]]. It is computed as the residual of all revenues and gains over all expenses and losses for the period,<ref name=swsf>Stickney, et al. (2009) Financial Accounting: An Introduction to Concepts, Methods, and Uses. Cengage Learning. </ref> and has also been defined as the net increase in [[Equity (finance)|shareholders' equity]] that results from a company's operations.<ref name=nnp>Needles, et al. (2010) Financial Accounting. Cengage Learning. </ref> In the context of the presentation of [[financial statement]]s, the [[IFRS Foundation]] defines net income as synonymous with '''profit and loss</B>.          <P>        Net income is a distinct accounting concept from [[profit (accounting)|profit]]. Net income can also be calculated by adding a company's operating income to non-operating income and then subtracting off taxes.
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Latest revision as of 04:36, 24 June 2024

A Net Income Measure is an income measure for an accounting period that subtracts cost of goods sold, expenses and taxes.



References

2015

  1. Stickney, et al. (2009) Financial Accounting: An Introduction to Concepts, Methods, and Uses. Cengage Learning.
  2. Needles, et al. (2010) Financial Accounting. Cengage Learning.