Understanding the Income Statement by Company for Japan
The Income Statement program tracks revenues and expenses and the net income or loss for a specific period of time. Use this program to print a report that provides subtotals for the AAIs by company.
To print a the income statement, all of your profit and loss accounts must be grouped together in your chart of accounts and cannot be interrupted by any balance sheet accounts. The system uses AAI item FSxx to establish the optimal interim totals on the income statement. If the system does not find the AAIs for a specified company, then it looks for the parent company's AAIs.
Some examples of special interim totals include:
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Gross Margin
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Net Profit Before Taxes
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Net Income (Loss)
You must select the object accounts that you want to include on the report. For example, if your profit and loss accounts begin with object account 5000, select an object account greater than or equal to 5000.
The Japan income statement report uses data sequencing in the same manner as the Simple Income Statement program.