<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The performance that companies achieve is valuable information for most users and is essential in a market economy, while the provision of this information on the results achieved by the company as a result of carrying out activities to accomplish the set objectives is based on the data and information presented in the company’s annual financial statements.</p>
<p>The scientific approach aims to present the role and importance of the profit and loss account, as well as of the main elements that generate it, in accordance with current legal provisions and accounting standards. The main aim was to summarize the basic principles and the manner in which they are documented in the accounting records to calculate profit or loss and profit redistribution.</p>
</abstract>

The performance that companies achieve is valuable information for most users and is essential in a market economy, while the provision of this information on the results achieved by the company as a result of carrying out activities to accomplish the set objectives is based on the data and information presented in the company’s annual financial statements.
The scientific approach aims to present the role and importance of the profit and loss account, as well as of the main elements that generate it, in accordance with current legal provisions and accounting standards. The main aim was to summarize the basic principles and the manner in which they are documented in the accounting records to calculate profit or loss and profit redistribution.

The Accounting of the Result of the Financial Year and Its Components

Land Forces Academy Review

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"The Accounting of the Result of the Financial Year and Its Components"}

The performance that companies achieve is valuable information for most users and is essential in a market economy, while the provision of this information on...

The Accounting of the Result of the Financial Year and Its Components

Data publikacji: 11 gru 2023

Zakres stron: 322 - 328

DOI: https://doi.org/10.2478/raft-2023-0038

Słowa kluczowe
result of the year, income, expenditure, profit, loss

© 2023 Sebastian Floştoiu, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Accounting of the Result of the Financial Year and Its Components

Data publikacji: 11 gru 2023

Zakres stron: 322 - 328

DOI: https://doi.org/10.2478/raft-2023-0038

Słowa kluczoweresult of the year, income, expenditure, profit, loss

© 2023 Sebastian Floştoiu, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Słowa kluczowe
result of the year, income, expenditure, profit, loss