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Profit
(redirected from Accounting profit)

   Also found in: Medical, Financial, Encyclopedia, Wikipedia, Hutchinson 0.06 sec.

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.


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? References in periodicals archive
The generation of accounting profit is not warranty of creation of value for the shareholder.
That argument is secondary to the argument about: Should accountants measure accounting profits or should they measure economic profits?
Accounting profit means that at the end of the day, you have an amount greater than zero to put in the bank.
 
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