Profit: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Add link.)
imported>Doug Williamson
(Add links.)
Line 33: Line 33:
*[[Economic profit]]
*[[Economic profit]]
*[[Environmental profit and loss]]
*[[Environmental profit and loss]]
*[[Expenditure]]
*[[Expense]]
*[[Gross profit]]
*[[Gross profit]]
*[[Income statement]]
*[[Income statement]]

Revision as of 11:49, 23 July 2022

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