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Can we determine net income for a firm over specific period without preparing income statement ?

Accounting Auditing Cost Accounting Financial Accounting US GAAP
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Question added by Moataz Elsabawy , مدير مالى , مجموعه شركات الانصار
Date Posted: 2018/04/28
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Deleted user
by Deleted user

No you can not determine future income. You must determine what your assets and liabilities are , possible man power forecasts , are they in need of change, etc .,, too many unknown variables.

Waleed Mohammad CIA
by Waleed Mohammad CIA , Head of Internal Audit unit , Kfh Financial Brokerage Company

We can not do that cause the Income statement includes the main elements for get the net income

khidir darlilla
by khidir darlilla , مدير ادارة المراجعة الداخلية , وزارة الموارد المائية والري والكهرباء-وحدة تنفيذ السدود

No, we cannot the total rofet means the net of opreating

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