profit

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Related to Accounting profit: Economic Profit

Profit

Most commonly, the gross proceeds of a business transaction less the costs of the transaction; i.e., net proceeds. Excess of revenues over expenses for a transaction; sometimes used synonymously with net income for the period. Gain realized from business or investment over and above expenditures.

Accession of good, valuable results, useful consequences, avail, or gain. The benefit, advantage, or pecuniary gain accruing to the owner or occupant of land from its actual use; as in the familiar phrase rents, issues and profits, or in the expression mesne profits.

profit

noun accruance, accumulation, acquisition, advantage, augmentation, avails, benefaction, benefit, clearance, compensation, dividend, earnings, emolument, financial reward, fructus, fruits, gain, growth, harvest, improvement, incentive, income, increase, interest, meed, output, pay, payment, prize, proceeds, produce, quaestus, realization, remuneration, return, revenue, reward, service, take, utility, value received, windfall, winnings, yield
Associated concepts: accumulated profits, anticipated proffts, capital, carrying on business for profit, distributable profits, excessive profits, excess profits tax, gross profit, loss of profits, margin of profit, net profit, not for profit, peeuniary profits, profit a prendre, profit sharing, prospective profit, remote profits, secret profits, speculative profits, surrlus profits, underwriting profits, undistributed profits
Foreign phrases: Ubi periculum, ibi et lucrum collocatur.He who risks a thing, should receive the profits arising from it.

profit

verb acquire, advance, assist, avail, be better for, be improved by, be of use, benefit, cash in on, clear, confer a benefit on, contribute, draw profit from, edify, gain, gain advantage, harvest, help, improve, learn a lesson from, make capital out of, make good use of, make immrovement, make money by, make use of, obtain a return, produce a good effect, produce a good result, put to use, realize, reap, reap the fruits, turn to account, use, utilize, yield returns
See also: advantage, attain, avail, bear, behalf, benefit, betterment, boom, capitalize, collect, commission, dividend, earn, earnings, edification, fee, gain, inure, output, pay, perquisite, proceeds, prosperity, realization, realize, reap, revenue, succeed, utility, worth, yield
References in periodicals archive ?
BTC imposes a close relationship between accounting profit and taxable income.
development costs--They can be capitalized and amortized over future periods to determine accounting profit but deducted when determining taxable profit in the period they are incurred.
The quality of the accruals is the diagnostic criteria for proximity of accounting profit to cash.
Entrepreneurial profit is a required cost of construction, which is necessarily comprised of the RMEI and potentially comprised of an EMEI, while accounting profit (loss) is the residual of value minus costs excluding all profit.
Statisticians interpret this figure by saying that the annual accounting profit measures explain between 2% and 10% of the variance in annual value changes.
Similarly, the social contribution on net income--CSLL is due on a basis of calculation as of the accounting profit, to which additions and exclusions are made, as determined and allowed by the legislation.
The traditional CVP model is developed by specifying the mathematical relationship between a product's accounting profit and its sales quantity, price, and costs.
That argument is secondary to the argument about: Should accountants measure accounting profits or should they measure economic profits?
The debt restructuring, which had been expected by observers, would also produce an exceptional accounting profit of more than pounds 400m.
Generally, EP-type measures also adjust accounting profits for a number of extraordinary items and focus more on economic value accounting than do accounting profit measures.
For an earlier discussion of the accrual accounting profit margins, I refer you to the first article in this series in which management attributes the margin improvements in 1998 and 1999 to improved product mix.
Calculate your economic and accounting profit and use this as a guide on whether to move forward with the idea.

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