ON THE ISSUE OF ANALYZING INCOME AND EXPENSES AND EVALUATING THE QUALITY OF THE ORGANIZATION'S FINANCIAL RESULTS

Abstract

Recent decades of market economy development and increased competition not only with Russian organizations, but also with foreign manufacturers of goods and services oblige enterprises to manage their daily operations and form important indicators that evaluate the organization's performance. The most important and capacious of the organization's performance indicators is the financial result. When talking about profit, information about it is most in demand among its various users, and also plays an important role in making management decisions. Therefore, the most problematic issues are questions about achieving complete, neutral and reliable information about the formation and distribution of profits, because when achieving financial stability in conditions of limited resources, profits play a huge role, since they fully reflect the performance of each company. The profit should reflect data that regulates the amount of profit of the values. This is necessary for an objective distribution of profit, since profit is the main and final goal of the enterprise's economic activity, and it is important for the enterprise to determine the values that will regulate the results of their activities for further provision of this data to external users. In turn, the profit is formed from the organization's income and expenses. The main source of information about income and expenses is accounting and financial reporting. All of the above causes a very relevant value of the scientific article, which is also confirmed by the fact that due to the interaction of the economic entity with the indicators of income and expenses in the process of functioning, by constantly measuring income and expenses to determine such important indicators for the company as profit or loss on the results of its activities.