accounting profit

accounting profit
The total revenue minus costs properly chargeable against goods sold.

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  • accounting profit — The amount of profit calculated by using generally accepted accounting principles instead of tax rules. At its simplest the profit is the revenue for an accounting period less the expenses incurred, using the concept of accrual accounting. There… …   Accounting dictionary

  • Accounting Profit — A company s total earnings, calculated according to Generally Accepted Accounting Principles (GAAP), and includes the explicit costs of doing business, such as depreciation, interest and taxes. Accounting profits tend to be higher than economic… …   Investment dictionary

  • Profit — generally is the making of gain in business activity for the benefit of the owners of the business. The word comes from Latin meaning to make progress, is defined in two different ways, one for economics and one for accounting.Profit may refer to …   Wikipedia

  • profit — total revenue less total expenses for a period of time calculated in accordance with generally accepted accounting principles. Glossary of Business Terms Revenue minus cost. The amount one makes on a transaction. Bloomberg Financial Dictionary *… …   Financial and business terms

  • Profit (accounting) — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • Profit (economics) — In economics, the term profit has two related but distinct meanings. Normal profit represents the total opportunity costs (both explicit and implicit) of a venture to an entrepreneur or investor, whilst economic profit (also abnormal, pure,… …   Wikipedia

  • profit — 1) (margin; profit margin) For a single transaction or set of transactions, the excess of sales revenue over the costs of providing the goods or services sold. See: gross profit, net profit 2) For a period of trading, the surplus of net assets at …   Accounting dictionary

  • profit center — A division of an organization held responsible for producing its own profits. Bloomberg Financial Dictionary * * * profit center UK US noun [C] US ► ACCOUNTING PROFIT CENTRE(Cf. ↑profit centre) …   Financial and business terms

  • accounting — ac‧coun‧ting [əˈkaʊntɪŋ] noun [uncountable] 1. ACCOUNTING JOBS the usual word for the profession of accountancy in the US 2. ACCOUNTING the work of keeping a company s financial records, recording its income and expenses, and its business deals:… …   Financial and business terms

  • Accounting scandals — Accounting scandals, or corporate accounting scandals, are political and business scandals which arise with the disclosure of misdeeds by trusted executives of large public corporations. Such misdeeds typically involve complex methods for… …   Wikipedia

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