The Income Statement Date

There are following questions on how to solve this problems.

The income statement date. How much of the interest shall be capitalised means included in the cost of the plant and how much shall be charged to the income statement. I am creating income statement using sql. The requirement is from my boss to see income statement on given date. While a balance sheet relates to a specific date or a given point within an accounting cycle an income statement is concerned about a particular period or the time during an accounting cycle.

Is there possible modificat. This contrasts with a balance sheet which shows account balances for one exact date. 1 an income statement always represents a period of time like a month quarter or a year. The income statement can either be prepared in report format or account format.

The income statement also called the profit and loss statement is a report that shows the income expenses and resulting profits or losses of a company during a specific time period. The costs which are not known would be taken from budget tables. Examples of service businesses are medical accounting or legal practices or a business that provides services such as plumbing cleaning consulting design etc. Share of profit of associates.

The income statement is one of a company s core financial statements that shows their profit and loss over a period of time. The income statement above shows five full calendar years plus a last twelve months ltm period as of 9 30 13. Interest for the period 1 1 2007 to 30 9 2008 shall be capitalised and interest for the period 1 10 2008 to 31 12 2008 shall be charged to income statement. I am also using report generator.