NI

NI

The two-character ISO 3166 country code for NICARAGUA.

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NI

1. ISO 3166-1 alpha-2 code for Nicaragua. This is the code used in international transactions to and from Nicaraguan bank accounts.

2. ISO 3166-2 geocode for Nicaragua. This is used as an international standard for shipping to Nicaragua. Each Nicaraguan department and autonomous region has its own code with the prefix "NI." For example, the code for the Department of Rio San Juan is ISO 3166-2:NI:SJ.

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Net Income (NI)

What Does Net Income (NI) Mean?

(1) A company's total earnings (or profit), calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes, and other expenses. This number is found on a company's income statement and is an important measure of how profitable the company is over a period of time. The measure also is used in the calculation of earnings per share. NI often is referred to as the bottom line because net income is listed at the bottom of the income statement. In the United Kingdom, net income is known as profit attributable to shareholders. (2) An individual's income after deductions, credits, and taxes are factored into gross income. Deductions and credits are subtracted from gross income to arrive at taxable income, which is used to calculate income tax. Net income is income tax subtracted from taxable income.

Investopedia explains Net Income (NI)

(1) Net income is calculated by starting with a company's total revenue. From this, the cost of sales, along with any other expenses incurred during the period, is removed resulting in earnings before taxes. Tax then is deducted to reach NI. Like other accounting measures, NI is susceptible to accounting manipulation through practices such as aggressive revenue recognition or by hiding expenses. In basing an investment decision on net income numbers, it is important to review the quality of the numbers, not just the numbers. (2) Suppose, for example that a person's gross income is $50,000 and that person has $20,000 in deductions and credits. This leaves that person with a taxable income of $30,000. If another $5,000 of income tax is subtracted, the remaining $25,000 will be the person's net income.

Related Terms:
• Cost of Goods Sold—COGS
• Economic Profit
• Gross Income
• Income Statement
• Operating Income