what is profit and loss statement In terms of the importance of the plan, the plan can be divided into strategic planning and operational planning. But hey! Come on baby boomers' it isn't yet the end around the globe! . . Just widen your horizon and open your options! . . Don't you realize that using your $1,000 / month pension you'll be able to still need your 'dream retirement' in the tropics and live like a king? With that budget, you can rent an appropriate fully furnished 2 BR bungalow or 2 BR Apartment or Condo, with complete amenities! You can even possess a caregiver to look after you or perhaps a maid/servant to serve and allow you to doing household chores! You can shop the selection of food or dine in fine restaurants and definately will reside in a nice community and co-exist with the warm and hospitable 'locals' with a smile, who speak and understand a foreign language! Based on the above two kinds of comparison and analysis of the concept of earnings, reveals the inadequacy of accounting earnings, i.e., the accounting income does not take into account inflation, the production gains, goodwill to improve the impact of changes and their value, and can be found on only the pursuit of reliability, and can be measured, which affect the enterprise's profit ability and continuous operation ability. Accounting, since the 1950 s began to pay attention to absorb the income concept of some reasonable kernel of economics, the concept of modern accounting theory of income in the income concept of economics. As the center of global automotive engine research and development and production, Britain's powertrain design has always maintained the world's leading level, especially in engine design. In 2013, the UK produced 2.55 million engines, accounting for 30 per cent of total European engine production, with 62 per cent of the engines exported to more than 100 countries.