example of profit and loss statement The concept of accounting income is called accounting income. According to the traditional view, the accounting income refers to the difference between the realized income and the corresponding expenses. It has the following characteristics: What is Condition Improvement Funding? Condition improvement funding, or CIF, was developed to change the Academy Capital Maintenance Fund (ACMF). It can be used for condition or expansion priorities. Condition priorities refer to matters of protection, dealing with poor construction, improving energy efficiency and the like, whilst expansion priorities may involve expansion of facilities and floor area to manage issues of overcrowding and limited resources. If you wish to submit an application for condition improvement funding, you can submit up to 2 projects per academy or college (just one of the might be for expansion priorities) and it is possible to request between ??8000 and ??4 million per project. Your application might be reviewed and processed in phases in order to ensure that you receive the correct quantity of funding to your project.