Finance Book

The code identifying the finance book.

Base Currency

The ISO code identifying the base currency of the company

Period

The period for which the income statement has been displayed.

Revenues 

Sales of Goods

Indicates the charges levied on the customer for the finished goods provided. The system displays the sum total of the balances of all the accounts that have been mapped to the “Sales of Goods” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Sales of Services

Indicates the charges levied on the customer for the services provided.  The system displays the sum total of the balances of all the accounts that have been mapped to the “Sales of Services” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Other Income

Indicates the revenue received from an operation other than the sale of goods or services. The system displays the sum total of the balances of all the accounts that have been mapped to the “Other Income” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Interest Received

Indicates the amount received as interest from any source for example, interest received from the bank, short-term investment or government bonds. The system displays the sum total of the balances of all the accounts that have been mapped to the “Interest Received” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Dividend Received

Indicates the amount received as dividend from any source for example dividend received from investments. The system displays sum total of the balances of all the accounts that have been mapped to the “Dividend Received” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Others

Indicates the amount received as revenue from any other source. The sum total of the balances of all the accounts that have been mapped to the “Others” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Total Revenue

The sum total of the account balances available for the layout headings “Sales of Goods”, “Sales of Services”, “Other Income”, “Interest Received”, “Dividend Received” and “Others”

Costs and Expenses 

Cost of Goods Sold

Indicates the charges incurred in the manufacture of finished goods that has been subsequently sold to a customer. The system displays sum total of the balances of all the accounts that have been mapped to the “Cost of Goods Sold” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Cost of Services Sold

Indicates the charges incurred in the service provided to a customer. The system displays sum total of the balances of all the accounts that have been mapped to the “Cost of Services Sold” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Interest and Other Financial Charges

Indicates the amount that has to be paid as financial charges incurred by the company. The system displays sum total of the balances of all the accounts that have been mapped to the “Interest and Other Financial Charges” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Interest Paid

Indicates any amount that has to be paid as interest towards a loan. The system displays sum total of the balances of all the accounts that have been mapped to the “Interest Paid” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Other Finance Charges

Indicates any other financial charges that have to be borne. The system displays sum total of the balances of all the accounts that have been mapped to the “Other Finance Charges” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Selling, General and Administrative Expenses

Indicates the charges incurred for the maintenance of the infrastructure of the commercial operations of the organization. The system displays sum total of the balances of all the accounts that have been mapped to the “Selling, General and Administrative Expenses” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Profit / Loss on Sale of Fixed Assets

Indicates the amount that can be termed as a profit or loss that was gained from the sale of any fixed assets belonging to the organization. The system displays sum total of the balances of all the accounts that have been mapped to the “Profit / Loss on Sale of Fixed Assets” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Profit / Loss on Sale of Investments

Indicates the amount that can be termed as a profit or loss that was gained from the sale of any investments like bonds, shares etc., belonging to the organization. The system displays sum total of the balances of all the accounts that have been mapped to the “Profit / Loss on Sale of Investments” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Preliminary and Deferred Rev Exps. Write Off

Indicates the expenses that have been incurred before the incorporation of company for the purpose of setting up the company.  The system displays sum total of the balances of all the accounts that have been mapped to the “Preliminary and Deferred Rev Exps Write Off” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Foreign Exchanges

Indicates the differences in the amount billed and received due to exchange rate fluctuation. The system displays sum total of the balances of all the accounts that have been mapped to the “Foreign Exchanges” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Depreciation

Indicates the depreciation of assets that has incurred during the year. The system displays sum total of the balances of all the accounts that have been mapped to the “Depreciation” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Other Costs and Expenses

Indicates any miscellaneous charges incurred during the commercial operations of the organization. The system displays sum total of the balances of all the accounts that have been mapped to the “Other Costs and Expenses” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Total Costs and Expenses

The sum total of the account balances available for the layout headings “Cost of Goods Sold”, “Cost of Services Sold”, “Interest and Other Financial Charges”, “Selling, general and administrative expenses”, “Profit / Loss on Sale of Fixed Assets”, “Profit / Loss on Sale of Investments”, “Preliminary and Deferred Rev exp written off”, “Foreign Exchanges”, “Depreciation” and “Other Costs and Expenses”.

Earning from Continuing Operations before Taxes

Indicates the total amount earned from the commercial operations before the inclusion of the statutory taxes. The system displays the difference of the total revenue and the total costs and expenses as on the date.

Provision for Income Taxes

Indicates the amount that has to be paid statutorily as tax. The system displays sum total of the balances of all the accounts that have been mapped to the “Provision for Income Taxes” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Net Earnings from Continuing Operations

Indicates the net earning from the commercial operations after the deduction of the statutory taxes. The system displays the difference between the “Earnings from continuing operations before taxes” amount and the “Provision for Income taxes” amount as on the date.

Income (loss) from Discontinued Operations

Indicates the amount that has been received as income from any commercial operations that has been discontinued in the course of the financial period or year. The system displays sum total of the balances of all the accounts that have been mapped to the “Income (loss) from Discontinued Operations” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Net Earnings

The system displays the difference between the “Net earnings from Continuing Operations” amount and the “Income/Loss from Discontinued operations” amount as on the date.

Dividend on Preference Stocks

Indicates the dividend for the preference share capital. The system displays sum total of the balances of all the accounts that have been mapped to the “Dividend on Preference Stocks” layout heading in the “Create Operative Chart of Account” activity of the “Accounting Setup” business component.

Earnings Attributable to Common Stocks

The system displays the difference between the “Net Earnings” amount and the “Dividend on Preference Stocks” amount as on the date.