profit - a common definition, familiar from early childhood to almost everyone.In today's open economic area, the profit is the basic indicator of the effectiveness of the company.The difference between the income from other financial instruments is that often it expresses real income in cash.The presence of a stable income always characterizes developing enterprise, the presence of a competent managerial staff, and sufficient resources for the implementation of the development strategy in the long term.
Accounting for gains and losses is paramount to the accounting organization.This system is intended to ensure the transparency and reliability of data arriving at the company, and spent their funds.The accuracy of such information allows time to plan production, make payments under current contracts, evenly and in time to pay staff salaries.Experts accounts of any organization, the leading accounting of profits and losses, have an important responsibility for the proper and faithful performance of their job duties.Accounting for gains and losses is the most important task of accounting in the calculation of the financial results of the company.
course, talking about the profits the most pleasant, but unfortunately, in the process of economic and financial activity of the enterprise he can occur and losses, including often have such an article as unplanned losses.In some organizations, when planning the budget deferrals, it laid a certain amount that will go to cover unexpected losses when they arise.This approach allows to optimize the budget.
The main tasks of the existence of any enterprise is not so hard, every beginner economist knows that this is to maximize profits and minimize losses.The greater the gap between the objectives in the side of the first, the more effective the activity is considered as nothing more revealing than the profit.
According to paragraph 4 of PBU 9/99 provides for the classification of the company's income, depending on their nature, the conditions for obtaining and direction of the organization.Thus, the income is divided into income from ordinary activities, operating profit, extraordinary and non-operating income.In addition, the profit and loss account has a purpose to distinguish object of revenues.In this case, income that is not added to profit from ordinary activities, usually attributed to the category of "other income".At the root is the same situation with the expenditure side of the balance sheet.Those expenditure items which are not major, usually blamed on other expenses.When accounting for accounting entries, should pay attention to earnings, as they are also different.
Any entrepreneur originally based on the net profit after deduction of all taxes, fees, expenses and other charges as to form the budget in the presence of gross profits can be very ill-advised decision.Particularly relevant in the case of profits and losses when they are recognized.In the case of, for example, lawsuits, recognize a gain or loss only after a final judgment.
Summarizing, we can also say that the profit and loss account in their real size, each enterprise is a confidential procedure, the results of statistical calculations which are only available to shareholders and public inspection.
