INDICATORS OF THE REPORT ON FINANCIAL RESULTS: ESSENCE, VALUE AND ROLE IN THE ACTIVITIES OF THE MODERN ORGANIZATION

• Main Authors: Frolova, V.A (Author), Berdnikova, L.F (Author), Schneider, V.V (Author)
• Format: Book
• Published: LLC (EOOD) "SCIENTIFIC CHRONOGRAPH", 2019-08-01T00:00:00Z.
• Subjects: article
• Online Access: Connect to this object online.

Summary

The importance and importance of the financial result of activities for any organization conducting financial and economic activities is undeniable. Under the financial result understand the results of the organization for a certain period, most often use indicators for the calendar year. In order to identify the financial result of the organization's activities, one should compare the revenue and cost of production, and deduct the costs used to promote and sell products from the result. The calculation of the financial result of the organization's activity is as follows - the difference between the income indicators and the organization's expense indicator is calculated. With a positive value of this result, we can conclude about the profitable work of the analyzed organization, while the earned profit can be directed to expanding activities. If the value is zero, we can conclude that there is no profit, here it is important for the organization to stay in the market and direct its activities to profit. If the organization has a loss, then it is urgent to take measures, otherwise the organization may be bankrupt. Under the profit refers to a positive financial result, which is the purpose of the functioning of the organization. The greater the profit of the organization, the more opportunities it has for industrial expansion and product improvement, and better working conditions for its employees. It can do without attracting credit funds and loans from third parties, which positively affects its financial stability.

Item Description

2603-4840
10.34671/SCH.SVB.2019.0303.0020