Profit

1. Accounting.

A surplus arising from the appropriate matching of revenues with expenditure.
For example, operating profit or net profit.

The profit for a period may differ from the cash flow because of:

• Items in cash flow which are not part of profit. For example capital expenditure or the collection of debtors recognised in prior periods; and

• Items in profit which are not cash flows, for example depreciation, amortisation, or making accruals.

2.

More generally any surplus, gain or net benefit arising.

See also

• Accounting
• Accrual
• Accruals accounting
• Amortisation
• Attributable profit
• Break-even
• Capital expenditure
• Cash flow
• Debtors
• Depreciation
• Economic profit
• Environmental profit and loss
• Gross profit
• Income statement
• Loss
• Net operating profit after tax (NOPAT)
• Net profit
• Net profit margin
• Normal profit
• Not-for-profit
• Operating profit
• Profit after tax
• Profit and Loss account
• Profit and Loss reserve
• Profit before interest and tax (PBIT)
• Profit before tax
• Profit centre
• Profit for purpose
• Profit margin
• Profit maximisation
• Profit shifting
• Profit warning
• Profitability
• Return
• Statement of profit or loss
• Supernormal profit
• Taxable profits
• Turn
• Underlying
• Unrealised profit