Development of conceptual categorical apparatus in a part of identification of financial results: adaptation to the activity of construction enterprises

Abstract

In present day post-crisis period, business entities are more interested in maximizing of financial results than ever. Now we can state the revitalization of construction. However, not at all times, there is a profit of construction enterprises according to the results of business activities. As a result of the sample analysis of the financial statements of 63 construction enterprises of Ukraine in 2017, the main activities of which are construction and other specialized construction work, it has been established that according to available data, 21 enterprises in 2017 worked unprofitable, 42 – profitable. If there is a profit, there is a need for proper accounting and reporting. These issues are partly covered, and some problems have been solved in dissertation papers defended in Ukraine in recent years. In order to accomplish the tasks, it is extremely important to understand the economic essence of profit. We recommend to carry out the retrospective analysis of the approaches to the interpretation of profit by representatives of different accounting schools, in particular, Italian, French, German, and Anglo-American. The analysis of profit definitions, conducted in the study in three areas (accounting, analysis and audit, finance, enterprise economics and economic theory), indicates that there is no unified approach to the consideration of its essence among scientists, the concept of profit is multidimensional. The article outlines the author's approach to understanding the essence of profit and identifies the concept of "profit of a construction company".

Keywords

• construction
• accounting
• construction company
• financial results
• profit
• development
• dissertation
• adaptation
• apparatus