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Q: How often are income and expenditure statement required?
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What are the 5 financial statements in accounting?

Balance sheet, income statement, statement of cash flows, statement of ahareholder's equity and statement of comprehensive income, which is often incorporated into the income statement but is a separate reporting requirement for SEC filings


What is econometric research?

Econometrics research is basically research that employs statistical techniques and economic theory to quantify, analyze and test relationships between two or more variables. Much of the time regression analysis is used to perform the research. Say you have a data set consisting of 100 observations with two variables... Income and "Weekly Family Food Expenditure"... Economic theory would tell you that as income increases the weekly food expenditure should increases as well, but often times that's not enough... you want to confirm that and then tell by how much and perhaps you want to know if the increase is constant at all levels. You may even want to predict what someone's food expenditure will be given their weekly income. Through statistical and econometric techniques you'll be able to construct a model and determine how accurate it is with a certain level of confidence. You can use that model to predict food expenditures at different levels of income, measure if the increase in food expenditure that you suppose to occur with increased income is constant at all levels, determine how much of the food expenditure is described by income or if there are other variables that if added to the model might help to explain it better and much more. Kevin


What are the objective and control of capital expenditure in business organisation?

The control of capital expenditure in a business organization is organizational control. This is often implemented through a budget program.


Is cash flow the same as income?

No a Profit & Loss statement will tell you net imcone, which is not the same as cash flow. Cash Flow is the result of a sources and uses of funds statement which is often a better indication of how a buisness is performning that the P&L.


What are inexpensive products that are purchased often and with little expenditure of time and efforts?

convinience goods


What is expenditure cycle?

The expenditure cycle is a process that individual customers and companies use in finalizing their purchase. It often involves comparing prices, researching the product and determining their own need for the product.


How do you calculate residual income?

Residual Income (RI) can be calculated with the following equation. RI = Operating Income - (Operating Assets x Minimum Required Rate of Return) Equals a $ amount. RI is often used to compare Investment Centers with the Return of Investments (ROI) equation. ROI = Operating Income / Operating Assets) Equals a %.


What is a safety method statement?

A safety method statement is a form which is required to be filled in prior to building or maintenance work being carried out. It is often referred to as just a work method statement. It is basically a document that outlines a plan of action to perform a task safely. You can download one at http://www.geze.co.uk


Net income is often called the first line?

False. Net Income is often called "the bottom line".


What is the Importance of classifying expenditure and income into capital and revenue?

Revenue activities could be defined as day to day activities that occur for the enterprise and are usually small in value.Capital activities are those which occur not so often and are characterized by large values.Capital activities always create an asset or a liability.


How do you solve net income from operations?

Net income is one of the most closely followed numbers in finance, and it plays a large role in ratio analysis and financial statement analysis. Shareholders look at net income closely because it is the main source of compensation to shareholders of the company (via dividends and share buybacks), and if a company cannot generate enough profit to adequately compensate owners, the value of shares willplummet. Conversely, if a company is healthy and growing, higher stock prices will reflect the increased availability of profits.[InvestingAnswers Feature: Financial Statement Analysis For Beginners]One of the most important concepts to understand is that net income is not a measure of how much cash a company earned during a given period. This is because the income statementincludes a lot of non-cash expenses such as depreciation and amortization. To learn about how muchcash a company generates, you need to examine the cash flow statement (click here to read 10 Things to Know About Every Cash Flow Statement).Changes in net income are endlessly scrutinized. In general, when a company's net income is low or negative, a myriad of problems could be to blame, ranging from decreasing sales to poor customer experience to inadequate expense management.Net income varies greatly from company to company and from industry to industry. Because net income is measured in dollars and companies vary in size, it is often more appropriate to consider net income as a percentage of sales, known as "profit margin." Another common ratio is the price-to-earnings (P/E) ratio, which tells investors how much they are paying (the stock's price) for each dollar of net income the company is able to generate.If you'd like to read more in-depth information about using net income and other income statement line items, check out the following:Income Statement definition -- Learn about this all-important financial statement used to calculate profitability.Operating Income definition -- Learn how operating income is related to net income.Price-to-Earnings Ratio definition -- Learn how to calculate and use the P/E ratio, one of the most used ratios in investing.Financial Statement Analysis: The Income Statement -- Learn the most important components of the income statement and how to use them to determine a company's profitability.How to Use Margin Analysis as an Investment Tool -- Learn how to use the three most commonprofit margin ratios to find the best investments.


What is a domestic partnership affidavit?

It is a sworn written statement that one's relationship constitutes a domestic partnership. It is sometimes required to obtain DP benefits from an employer that offers them in jurisdictions where there is no DP registry. A similar document is often required to register a DP where such governmental regstry is available.