Profit: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Add link.)
(Add link.)
 
(One intermediate revision by one other user not shown)
Line 33: Line 33:
*[[Economic profit]]
*[[Economic profit]]
*[[Environmental profit and loss]]
*[[Environmental profit and loss]]
*[[Expenditure]]
*[[Expense]]
*[[Gross profit]]
*[[Gross profit]]
*[[Income]]
*[[Income statement]]
*[[Income statement]]
*[[Loss]]
*[[Loss]]

Latest revision as of 21:34, 18 January 2024

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