Profit

From ACT Wiki
Revision as of 05:42, 22 August 2017 by imported>Doug Williamson (Link with Underlying page.)
Jump to navigationJump to search

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