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profit
(redirected from Accounting profit)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson 0.07 sec.
profit
the amount by which income exceeds expenditure.

profit sharing
profit sharing between a professional and a lay person is illegal in most countries because it is considered to be improper for a nonveterinarian to have any authority over the quality and style of the work of a professional person.


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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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