Keyword: «financial results»

The article deals with the formation of the report on financial results in accordance with the Russian law and with IFRS. A comparison of the report articles is presented, the differences and similarities of the report, which is formed in accordance with domestic and international standards are examined.

The article considers the theoretical basis of the essence of the economic entities financial results and their components: income and expenditure. Definitions of financial results from the point of view of various authors are presented and their generalization is carried out. The authors determine features of agricultural production that have an influence on financial results formation among companies operating in the field of agro-industrial complex.

The article discusses the system of consolidated accounting of financial results obtained by agricultural enterprises from the main types of activities when they use journal-order and automated form of accounting. The proposed flow of accounting information on the account 90 "Sales" when using journal-order and automated forms of accounting. A flow chart has been developed for the accounting information on account 90 “Sales” with the simultaneous use of journal-order and automated form of accounting.

The article examines the essence of financial results and their significance for the further development and prosperity of the enterprise. The main tasks of financial results management in order to ensure the well-being of the owners of the enterprise, both at the present moment and in the future, are given. The factors and conditions that have a direct impact on the ability of agricultural enterprises to achieve high financial results are shown.

This article examines the economic essence of the concept of profitability as the main relative indicator characterizing the effectiveness of the organization as a whole, the degree of profitability of all areas of its activities without exception, as well as being a tool for managing the financial results of the enterprise.